We’re upgrading the S&P 500’s technical ranking by +5 to +40 this week, reflecting growing strength in both the short- and intermediate-term trends. The daily trend turned bullish two weeks ago on the bear stop-out recovery. This week, the weekly chart confirmed that shift with a breakout above resistance, supported by improving indicators like the RSI and a MACD hook that’s pushing toward a bullish crossover. It’s the first time in months that both time-frames have aligned in favor of the bulls.