The S&P 500 index has ended a four-week losing streak with a 0.51% gain, closing at 5,666.68. This week's performance has brought the index back to a level slightly below where it opened two weeks prior, indicating a period of sideways movement. Market analysts have noted that the S&P 500 remains below its 200-day moving average, suggesting that despite the recent gain, the broader trend may still be bearish. Traders have been actively buying into the short-term oversold conditions, which has contributed to the recent uptick. Looking forward, key support levels for the S&P 500 are identified at 5,650, with resistance levels at 5,739 to 5,759 for the upcoming week. The market is expected to remain balanced, with dealers likely to defend the 5,650 support level due to positive gamma exposure (GEX) of +$1.7 billion. The balance area for the week is between 5770 and 5650, and if 5650 fails, the market could see new lows at 5515. For the upcoming week, bulls have a chance to clear the 5650 support level, with targets at 5795 and 5850. If the market remains pinned between 5,715 and 5,745 through the end of the month (EOM), the range could extend from 5,531 to 5,800, with a ceiling at 5,945. On Monday, March 23, the expected range is between 5,645 and 5,695, with resistance at 5,760s. Seasonality data suggests that the S&P 500 has historically bottomed around March 12th and started to rally again around March 23rd, based on the average trajectory over the past five years. This aligns with the current market behavior, as the index has been attempting to establish a short-term bottom. The Q-Momentum score is rising, and the market has seen high volume weeks, with bear flags setting up but not yet breaking.