The S&P 500 Index ($SPX) has shown significant resilience, maintaining a tight trading range despite a lack of clear catalysts for a breakout or breakdown. The index has gained 39.7% since last October's swing low and is currently trading around the 5730-5750 range. Options activity indicates substantial interest in both calls and puts, with notable volumes at the 5750 call and 5730, 5720, 5710, and 5700 put strikes. Liquidity in the E-mini S&P 500 futures ($ES_F) remains low, with order book depth at 39K and total volume under 700K. The market appears rangebound, with potential for new highs as the quarter ends. The $SPX is also back at +10% vs its 200dma, and a super trend continues to build momentum.