I should have simply sticked with my idea "Drop later this week". The price action on Monday looks in hindsight as of this Wednesday like a classic bull trap. Until the market takes out the Tuesday high at 2742.24 the bias is from now on clearly to the downside.
Short entry: 2725
Minimum Target: 2700
Maximum Target: 2625
Stop loss: 2740
Risk: 10 points
Reward: 25 points (up to 100 points)
P.S. The resistance is also visible here on my "make-or-break" price level chart:
Maybe tomorrow there is a minor gap higher, which could mean it might be possible to short a little higher around 2730-2735 too, before the S&P 500 could decline during the next days or weeks.
Yesterday's daily high was 2733.33 and today's daily open was 2730.94
For remaining open short positions the stop loss is going to get hit today at 2740.