SPX - Shortterm top or a possible pop to 50% retracement?

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Good morning,

We thought the market would get a pullback from last friday. However, we did get a weak opening yesterday, but the market was strong troughout the tradingday and closed right below 1050 on SPX. In this matter, the divergens on momentum and price is bigger at this level. In my eyes, that is a reason to be carefull if long and wait for weakness to go short in this market.

I will anyways respect price and if SPX close above 1050 today, I will bite the dust and cover my shorts and go long. Next target on the upside is still 1120 area on SPX, which is 50% retracement on daily chart. On the downside, I am still hoping for a gapclose and 61,8% retracement on hourly timeframe @ 1015 on SPX.

Best regards,
Viewll