Watching the S&P 500's Reaction at 5300

Been thinking about the S&P's trajectory this week. If we get a strong push above 5300, I'd give it around a 65% chance of holding that level and testing 5320-5330 by Friday. The economic data has been a bit mixed, but the underlying momentum feels like it could still carry us there if we break out cleanly. Conversely, a rejection at 5300 could easily send us back to retest the 5275 area, which seems to have some decent support.