S&P close to 3000 key res 200sma -- strategy?

Good point, though SQQQ LABD bounced. Many days posting gains recently have had similar gap up then sideways moves. Not sure what to make of that.

 

It was a rebalancing day. News broke early on to short spooz.

 

News was"Large month end re balancing 30 bio. Short spooz above 3000".
Didnt quite get bio connections assumed biotech and checked REGN was down nearly 30. picked up a modest 10. Up 100 post close.