SPX bearish for two more weeks

SPX looks bearish in the short term, these demand zones have a habit of being visited multiple times in the ebbs and flows of the market. Even the prior weekly demand zone had a re-test last year despite how bullish people were. A further pullback of 5% would bring is right into the most recent weekly demand zone. Funny how these play out long-term, these zones can really help with cost basis on strong fundamental assets and ETFs.