SPX Weekly - Monitoring 5100 Support

Watching the SPX weekly close with some trepidation. The rejection around 5250-5260 was fairly clean, and we're now testing that 5100 level I've had marked for a while. It's a significant area, having acted as both resistance and support in the past couple of months. A sustained break below 5100, especially on a weekly close, would open the door for a retest of 5000, maybe even the 4950 range. On the flip side, a bounce here and a reclaim of 5150-5160 would indicate resilience, suggesting this move down was more of a retest than a capitulation. My immediate risk for a bearish thesis would be a solid weekly close back above 5180.