Chart of the day

SPX is retesting a previously broken resistance 5150. A break above 5240 is required for an extension higher and another retest of 5340. A rejection here is required for an invalidation of the upside.

A rejection here and a break below 5090 would confirm the top is in place and we could see a pullback to 4800 in a short time.

_{Look for the short trade entries with a stop loss above 5250. Long trades you can take in the case of a confirmed price action break above 5300.}