After four consecutive drop from its high of $6147, S&P500 has finally made a bounce after broke below EMA40 which acts as a strong support in weekly chart. The reasons why S&P500 has dropped over a month is due to both tariff and geopolitical tension. As RSI indicated an oversold signal, it's just normal for the price to rebound.However, be cautious that in order for the index to keep climbing, it has to break above several resistance as shown in the chart below.
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