The S&P 500 Index (SPX) has experienced a significant rally, closing the week up by 3% and approaching the key strike price of 6000. The index hit a low of 5773 on Monday, which aligned with the anchored VWAP from August lows and the election gap fill level of support near 5780. Technical indicators such as RSI and MACD have confirmed the upward momentum, with RSI breaking above a trendline and MACD showing a bullish crossover. The rally was supported by a substantial decrease in the VIX, which has now fallen below 16, indicating reduced market volatility. The SPX has seen over 68% of its stocks advancing for five consecutive days, marking a historic bullish thrust in market breadth. Looking forward, support for the SPX is seen at 5940, with potential resistance at 6050 and former highs near 6100. The market's sustainability will be tested in the coming weeks with the Federal Open Market Committee (FOMC) meeting and the start of earnings season approaching.