Yesterday, SPX turned slightly higher, and, overnight, in China, the Hang Seng Index gained as much as 3.2% at some point. Today, in the pre-market, SPX is up about 0.5%, and we expect it to test Resistance 1 during the day; a breakout above this level will be slightly bullish. A failure to break and hold above the resistance will raise our suspicion. We will update our thoughts on the situation with the emergence of new developments.