#SPX above 6000 as a Key Psychological and Technical Resistance S&P 500SP:SPXAbirstock1. The S&P 500 has consistently struggled to break above the 6000 level, encountering repeated resistance since late February. This threshold has emerged as both a psychological barrier and a technical ceiling, with investors showing a clear propensity to lock in gains rather than extend risk exposure at this stage. The pattern of reversals near this level suggests prevailing market caution and a lack of strong conviction to support higher valuations without further confirmation from economic data, corporate earnings, or policy signals. Until such catalysts emerge, 6000 is likely to remain a significant hurdle for the index. 2. Muted Market Response to Economic Data Although the May employment report modestly exceeded expectations, with 139,000 jobs added, this figure was below April’s total of 147,000 and marks a continued downtrend from last year’s highs. The data reinforces emerging concerns about a softening labor market, and the index failed to respond with significant upward momentum. To read more please visit the link. https://www.linkedin.com/posts/abirstock_rbc-sounds-caution-on-sp-500-activity-7341579708217643008-cQex?utm_source=share&utm_medium=member_desktop&rcm=ACoAAD6W1lQBh8UoGqga7vHVDdwh61SCneGf4B8