$SPX seems to have a potential ABCD pattern. Although the price continues to rise strongly after reaching the PRZ, the long upper shadow of the bearish candle at point D is still acceptable. Additionally, since the price has already broken new highs, we can observe the reaction after the price reaches the PRZ.

If you want to short, just set the stop loss if the price breaks new highs later. Don't pay attention to the stop loss level in the chart; the risk-reward ratio is very low.

The take profit levels are the two yellow lines below, which are the standard take profit levels for the ABCD pattern.