Stocks surged on Monday following reports that President Donald Trump might adopt a softer stance on tariffs. Technicians are monitoring key levels to determine if the rally is sustainable or merely a temporary relief after the recent pullback. JC O’Hara from Roth Capital Partners stated that the S&P 500 retaining 5,825 would indicate more than just an oversold move. Ari Wald from Oppenheimer is waiting for the S&P 500 to reclaim resistance at 5,750, which represents the 200-day moving average. While some technicians remain skeptical about a meaningful breakout, others emphasize the importance of the current rally gaining momentum. — news from CNBC
