小摩唱多：美股脱离黑洞困局 标普500下一目标位6125-6170

Core Viewpoint - The easing of the US-China trade war has led to a breakout of the S&P 500 index above the critical resistance level of 5750-5785, confirming a return to a low-volatility rebound phase [1][2] Group 1: Market Analysis - The S&P 500 index has jumped above the 5750-5785 resistance level, indicating a shift back to a low-volatility rebound mode, with a suggested stop-loss at 5600 and a target range of 6125-6170 [1][2] - The "Magnificent 7 Index" has regained its leadership position after underperforming for several months, breaking through key technical levels including the 200-day moving average [3][4] - The report highlights the consistency of technical signals with historical patterns, while cautioning against potential short-term topping formations or geopolitical risks impacting market sentiment [1] Group 2: Technical Indicators - The S&P 500 index has effectively broken the trend line at 5908 points, with the 25429-25618 range identified as short-term resistance and long-term targets set at 27794-28060 [2][4] - The report suggests using the 3% threshold above the volume-weighted average price (VWAP) as a stop-loss for bearish views, while recommending a shift to a more bullish trend-following strategy [2][3] - The "Magnificent 7 Index" has broken through several key resistance levels, shifting focus to potential resistance zones at 25429-25618 and 27794-28060 [3][4]