S&P 500 under resistance with sellers defending their territory, a hunt for shorts towards 50% fibo and a bit above the last top with a wick is quite possible! I don't see the S&P 500 getting rejected without taking liquidity north.
The trend is bullish in the short term in Daily, but if we look at the Weekly we are still bearish with + lows + lows than the last ones, except Weekly closes above 4162 with a large green candle that has Momentum, we can already start talking about a possible reversal or a false break out!!!.
https://www.tradingview.com/x/IzFXrZ2P/
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