The S&P 500 experienced a notable bounce from key support levels late last week, according to the latest Weekly S&P500 ChartStorm by Callum Thomas. The report highlights a washed-out short-term sentiment, suggesting a potential shift in market mood. Despite this, the market is perceived to be seeking reasons to rally, though it remains cautious due to lingering risks and the path from recent valuation peaks. Market analysts have noted that stocks rallied by 2.13% on a specific day, prompting discussions on whether this movement signals a genuine trend shift. Factors such as liquidity, volatility, and CTA positioning are being closely monitored to assess future risks. The S&P 500 futures started the week with a gain of 20 points, with market watchers eyeing the 5597 support level and a potential move to 5711. In the broader financial landscape, the Commitment of Traders report for the week ending March 11, 2025, indicated significant changes in hedge fund positions across commodities and forex markets. Notably, there was continued selling of energy and grains, while silver and copper saw increased buying interest. The forex market saw a reduction in speculative long dollar positions, influenced by demand for EUR and JPY. Additionally, the VIX stood at 22.09 and the 10-year yield was at 4.30%.