Not holding Friday's Close is weak. Also broke a TL on the 60-minute. See those long tails above that 3950 supply zone. I think we're headed below 3900 on the day if this market can't find a bid soon. Probably need to hit 3900 before we'll find out for sure.
Bidless market. Cleanest downtrend in a while. Expecting some counter-movement in this zone, but I think we'll see a break.
This is weak as hell, but I'm not loving the R/R here right now and we could see some choppy behaviour and counter moves as these levels are defended. Cashing in my chips and calling it a day for now as I have to be somewhere else. This market appears to have much more downside still. Playing it safe and conservative until my account is a bit larger. I missed the prime entry breaking below the morning low, but catched a few pieces in between.
FWIW, the next level of major interest on my charts is 3794. A good 100 points lower. Probably not today, but not unlikely by week end.
So following the defence of 3,900 suggested by @schizo it is only reasonable that SPX is being taken 4k for a 3rd test. If bears successfully defend it then we ought to drop fast back to 3,900 and break through it.