We are now at the do or die zone. If we break any higher than the red line, we're going to see bullish moves until at least the pink line, maybe further. If US500 follows US100 (which makes sense, since tech is the only thing driving this bullish momentum) then we may even see US500 break the pink line. However, if we reject here, it will likely confirm the bearish view, and we'll end up retesting lows. Also keep in mind the two scenarios posted above.