$SPX last week we tested 5,700 three times and failed all three times.
Tomorrow we have a 4th chance at closing above it once again, at least how futes are pointing currently.
If so, we could test the 200dma around 5,749-5,750 with a chance of a gapfill overshoot towards 5,770 where that was the last s/r mark around 5,773 if not tomorrow then certainly this week.
But first thing first, gotta close above 5,700.
With all this said, still falls within a potential “bear flag in the making” context.
If you are bearish, I would wait at least until the 200dma is tested to short if you mist.
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