As so often happens when the market reaches a major resistance zone, SPX has hit an equilibrium and turned out a sideways grind for the past few sessions. This is fairly common to see at such times, and suggests a temporary balance between buyers and sellers. Eventually the market will clear out one side of the trade and move in that direction for a time.
Accordingly, there's nothing to add since last update, as SPX hasn't moved much in that time:
In conclusion, there's no material change since the prior update. Short term, I would not be surprised to see SPX test the 2868-73 zone again, and then decline from there to south of 2856. Trade safe.
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