The S&P500 has put in a higher low, perhaps now we're headed higher?

The S&P500 has failed to hold above ~111.7 on three different occasions. All the news coming out has been positive... But we've also been unable to sell off below the 109.5-110.5 area.

I view Friday's action as bullish overall. Prices at the 112 level were rejected, but prices at the 110.5 level held making a higher low.

On Monday I'm expecting a retrace to the 111.6-111.7 level. I'll short at that level, as I have been doing the past few days.