ES1 SPX Overall Market Conditions

Updated
We finally made a lower low after a few months of clear distribution. I'm looking for us to fail one of these upper levels for a continuation down. If we close below 2520s-2540s (The last major dip) the markets will look pretty bad for the future months.
Note
We are close to first resistance.
Note
net short snapshot
Chart PatternsTrend Analysis

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