The S&P 500 will not break above its range soon, says Goldman Sachs. Here are 6 reasons why.

Stock futures on Friday point to Wall Street snapping a four-day losing streak, helped by strength in Apple shares after the tech giant’s results — though doubtless the nonfarm payrolls report will have something to say about this.

Bulls will be hoping that calmer conditions in the banking sector, easing debt ceiling tensions and acceptance that the Federal Reserve is not now on a preset hiking trajectory, can finally in coming sessions push the S&P 500 SPX above the top of the 3,800 to 4,200 channel it has held for about…