Another rejection of the all-time closing high in the S&P ...Middle East

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The all-time high close for the S&P index is at 4796.57. Back on December 28, the high price reached 4793.19 and backed off. Yesterday the high price extended above the all-time high close reaching 4798.50, but backed off. Today's high price extended to 4802.40 and with the current price trading at 4776.91 has backed off once again.Traders continue to be apprehensive to take the S&P above the all-time high closing level for long. By the way the all-time high intraday high reached 4818.62 back in January 2022.What next?Sellers looking for more downside would now focus once again on the 100-hour moving average 4749.44 as the next target to get to and through and stay below to increase the bear

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