SPX Analysis

Price did not play out according to my previous analysis. I was expecting the bearish POI at 3736.74 to hold and price to continue lower with the bearish order flow. However, price bounced off the bullish POI at 3549.85 and rallied. Currently mitigating the bearish POI at 3907.07. I'm expecting a bearish retracement from here. If price breaks market structure to the downside, we could be looking at a continuation of the bearish order flow.