You dont bounce off a high...you test it. Which is exactly what happened...we tested the 200 day MA on heavy volume and failed. Its strong resistance so it is not unexpected. Then after a few days of sideways trading we we traded down to the 20 Day EMA on light volume and BOUNCED hard catching a bid into Fridays close (meaning traders were not against staying long into a 3 day weekend). Your contention that we should "expect more pressure" is baseless from a technical perspective. We could quite frankly break in either direction but the likelihood is to the upside as the market continiues to break higher and risk appetite increases.