The S&P 500 maintains its Slightly Bullish (+30) ranking this week as the market successfully worked its way out of last week’s volatility pocket and finished higher despite a heavy earnings calendar, a Federal Reserve policy decision, and constant headline pressure. While price action remained sensitive throughout the week, the broader structure held firm, keeping the bullish bias intact as the market continues to press into the long-standing resistance zone near 7,000–7,043.

We are maintaining the S&P 500 ranking at +30 (Slightly Bullish) this week. Despite a sharp volatility event and a temporary violation of key support patterns, the bulls responded quickly and successfully stabilized price action. Week to week, the index barely changed, but the path was pure volatility: the market went from an ascending triangle conversation into a headline-driven gap-down, then snapped back with a V-shaped recovery that was actually faster to the upside than it was on the selloff.

The market continues to hold a constructive posture, and we are maintaining the SPY ranking at +30 (Slightly Bullish) this week. From a big-picture standpoint, this remains a healthy market environment: price is near all-time highs, structure has not broken down, and the index is digesting a breakout rather than failing one. However, the more notable story beneath the surface is the growing divergence between SPY and RSP, as the equal-weighted index continues to carry more momentum than the cap-weighted index (a rotation-driven dynamic that speaks directly to leadership and participation as we enter Week 2 of earnings season).

The market enters the week with a +30, slightly bullish technical posture, following a confirmed breakout from an ascending triangle continuation pattern in the S&P 500. Price pushed through horizontal resistance while maintaining rising support, marking a meaningful improvement in structure and prompting a five-point upgrade to the overall ranking. While short-term consolidation or intraday pullbacks would be normal after a breakout attempt, the broader technical backdrop now reflects expansion rather than compression, shifting the market from digestion mode into early trend development.

The market enters the new year with a +35, slightly bullish technical posture, and we are maintaining that ranking this week. While price has pulled back from recent highs, the move has occurred after a modest extension and within a broader bullish structure. Importantly, the pullback has not violated key support levels nor altered the intermediate trend. As a result, the market’s bias remains intact, even as short-term volatility has increased.

The market delivered a constructive holiday week, prompting a +5 point upgrade to the S&P 500 and lifting the ranking to +35 (Slightly Bullish). After weeks of consolidation and hesitation beneath resistance, price finally expanded higher during the Christmas rally. While volume was predictably thin, price behavior remained disciplined and controlled, allowing the breakout to hold rather than fail. This upgrade reflects confirmation across price and momentum, not a shift into aggressive bullish conviction.