Since Tuesday the S&P 500 has formed an evening star pattern at the top of this large range. That suggests the recent peak of 2111 is resistance, confirming what we see on the weekly chart.
Looking at the RSI, we see it confirms a rangebound market.
Until we take out this week’s high notably, we have all the signs this is the top of a range until it isn’t.
I’m acting accordingly.
Trade ’em well