The more consolidation in the area, the more powerful should SPX break out -- no matter up or down. However, 1422 will be a key test for bull to win out.
I was thinking ES 1404 level was a weak support and looked up to 1417.
Now ES touched 1418 today and couldn't hold 1404 (night-shift hit 1399).
Hence, I would think ES 1390's (a level formed in last August) would be tested. In worse case, 1st leg-up done. go down to 200SMA from now.
Rally from ES 1370's if a PD occurs.