The S&P 500 Index (SPX) has experienced a notable increase, rising 3% or 180 points, which translates to an approximate $18 gain in the SPDR S&P 500 ETF Trust (SPY). Analysts suggest that this could be the lowest two-day trading range for SPY since March. Despite a day characterized by narrow trading ranges and volatility, market participants are optimistic about the direction of the index. Additionally, insights into the SPX's potential trajectory indicate it may reach approximately $6060 in the near future, with further analysis available in a recent article.