The S&P 500 Index (SPX) is showing bullish momentum, with predictions of a gap up in the SPDR S&P 500 ETF Trust (SPY) driven by tariff exemptions. Analysts suggest that the SPY could see a range between 480 and 550, with a potential gap up of 2% bringing it closer to resistance levels. Recent consumer data did not deter the market's upward trend, as positive weekend headlines are anticipated. The bond market, along with the U.S. dollar, is facing challenges, while commodities such as gold, silver, and Bitcoin are also in focus. The SPY is expected to recover following a gap test, with targets set at 564.52 and 575 based on technical analysis. Overall, the market sentiment remains optimistic despite underlying pressures in the treasury and currency markets.