SPX and BKX: "I'll Just Leave This Here"

The market didn't go anywhere since last update, but I have outlined a couple of the "bad news" (for bulls) options on the near-term SPX chart:

Of course, those are not the only two options in the event of a breakdown at 5146, just the two "most obvious" -- the market is sometimes more probabilistic than deterministic, so I almost never entirely write anything off.

Bigger picture, as the internet is fond of saying: "I'll just leave this here."

Not much to add beyond that -- just that if bears can sustain a breakdown at 5146, while it doesn't guarantee (anything, ever), it does at least put bulls on significant notice, at least for the immediate term.  Trade safe.