Technical Price Action Analysis - S&P 500: correction to the bearish reversal

W1 price is above 200 period SMA and above 100 period SMA for the primary bullish market condition. Price is ranging between the following key support/resistance levels:

• 1863.12 key support level located between 100-SMA and 200-SMA ranging area of the price chart, and
• 2134.42 key resistance level located far above 100-SMA/200-SMA on the bullish area of the chart.
  

100-SMA is above 200-SMA estimating the bullish trend to be continuing by the direction.

If the price will break support level at 1863.12 so we may see the reversal of the price movement to be started to the primary bearish market condition.
If the price will break resistance level at 2134.42 from below to above so the bullish trend will be continuing.
If not so the price will be ranging between within the levels.

Trend: