SPX above that solid strong support zone 2690/2700 is still bullish but a close below 2690 is bearish.
That 2690/2700 zone has been well-traversed and tested so expect the markets to find great difficulty in closing on a daily basis below that, at least for now.
However a pull-back can quickly morph into a reversal, taking out critical support and closing below important averages and Fib levels.
I still think this is a pullback that may stop at the 2700 level but am prepared for a move much lower.
WATCH THAT YIELD ! 10yr remains above 3% and the 2yr note has been rising ....