Resistance is just above, and failure is likely once again during the next several sessions. The dominant feature of this week is the negative concentration in the cycle analysis during the middle part of the week. Expect a sudden drop this week.
The bigger picture is that upside is limited, and the current phase of whipsaws is nearly complete. The 3 and a half month old bear market that began at 1422 SPX in early April is soon to continue much lower with the countertrend rally nearly complete.
Big picture charts with bear market downside targets and timing for SPX will be presented shortly.