This week, we are upgrading the S&P 500 by five points to +30, reflecting improved technical conditions and a shift in market momentum. While the aggressive areas of the market showed signs of weakening trend and pattern development, we observed improving conditions in the cyclical and defensive sectors. Money flow appears to be rotating toward these more stable areas, shoring up the market’s foundation. This rotation, coupled with constructive intraday price action and bullish responses to key data points, justified a modest upgrade in the rankings.