S&P 500 4hr view said "Psych!" showing a strong rejection at 5260 again today. Everybody plays the fool sometimes. I don't want to be one this week, so I'll be watching to see if we struggle getting back above 5250-5255 soon. If we can't, looking for a break and hold below 5229 to target 5200 (where we had a major bounce last week). Short term bearish if we fail 5250s.
IIIIFFFFF we get back to 5260 ---> 5275 - 5280
IIIIFFFFF we get back to 5260 ---> 5275 - 5280