Sentiment: Bearish – However on a daily timeline it is Bullish.
Disclaimer: Different timeframes can be bearish and bullish at the same time. My point here is that short term we are bullish while long term we are bearish on the S&P 500.
Earnings this week will be important. So far financials have been okay. Not amazing or bad. You can look at a quick view of earnings at https://www.earningswhispers.com/calendar
Staying on simple concepts. There is a consolidation on SPX (S&P 500 regular trading hours). The direction is technically bullish that new highs are not being made but indexes and stocks can go in any direction after the push and pull of a consolidation.