S&P 500 Risks Bull Trap As Stronger U.S. Dollar Threatens Q2 Rally

The S&P 500 delivered its best quarterly performance since Q2 2020 after a two-day rally, but momentum appears to be fading. The index is now nearing a key technical resistance zone, suggesting upside may be more contested in the near term.

Analysis

The S&P 500 delivered its best quarterly performance since Q2 2020 after a two-day rally, but momentum appears to be fading. The index is now nearing a key technical resistance zone, suggesting upside may be more contested in the near term.