— date: ‘2025-06-25’ title: Stable Uptrend Continues
The S&P 500 has been in a stable uptrend for the past nine weeks, although upward momentum is gradually slowing on a weekly basis. The all-time high from 2024 now acts as a major resistance level. So far, there are no indications of a market top. However, seasonal tailwinds are expected to fade as we move into mid to late summer.