SPX Analysis

Price is playing out as per expectation from 2 months back. Price is heading towards the bullish POI at 3549.85. The low at 3636.87 was taken, but price is unable to push higher into the bearish POI at 3837.08. I'm expecting price to mitigate the bullish POI first before we see any bullish retracement into the bearish POI at 3837.08. There is also a possibility that price could bounce off the bearish POI at 3736.74 and continue lower without mitigating the POI at 3837.08.