U.S. equity benchmarks staged a broad recovery on Monday, with S&P 500 E-mini futures gaining roughly 100 points from Friday’s intraday trough to trade around 6,340 by late afternoon in New York. Cash equities followed suit: the S&P 500 Index was up about 80 points for the day, a move that approached the upper end of the week’s implied range in options markets. Traders attributed the advance to strong market breadth and elevated positive gamma positioning, which can amplify upside moves as dealers hedge short-dated options. Intraday indicators, including cumulative NYSE TICK readings, showed persistent buying interest, while volume ratios reached session highs heading into the close. Technical analysts flagged 6,330-6,355 on the futures contract as a key resistance zone—encompassing the 50% retracement of the recent 6,468-6,240 decline and the former post-non-farm-payrolls peak. A sustained break above that band on a closing basis, they said, would leave little overhead supply until 6,365-6,375, potentially opening the door to a retest of the late-July record.