SPX - the easy part of the bounce is over

SPX has bounced big from 3900 to almost 4100 in a few sessions. 4100 is the first bigger resistance to watch as the negative trend line from mid Aug comes in right at that level. We are above the 50 and the 100 day moving averages (see the cross), but still way below the 200 day. 4150 and 4200 are the next resistance levels to watch should we close above the 4100 level. Supports are: 4000 and 3900.