S&P 500 Continues to Set Record Highs!S&P 500 SPOTCFI:US500CFIThe S&P 500 index recorded a new gain of 1.05%, closing steadily at fresh record levels near 7,138, marking its fourth consecutive week of gains. Positive first-quarter corporate earnings continue to support this upward momentum. As shown on the attached chart, the index is currently trading sideways between support at 7,050 and resistance at 7,150, with a breakout from either level likely to determine the next direction. The chart also shows the continuation of the upward trend in prices, supported by the average price movement over the last 35 trading candles.