US500 6 VS 3

Previous supports (green circles) are acting as resistances for the price to go up vs 3 previous resistances (red circles) that could act as support once breached the trend lines
20EMA & 500EMA acting as a dynamic resistance at the actual level
The rejection candle today indicates that the price is not holding and a possibility to get to the lows again

Bull trap? or Bull run...

This is not financial advice
Trade by your own risk management and knowledge

Happy trading