Based on price action, on daily, price is trying to break 186.283. Not a complete breakout yet. Last Friday when market closed at this level that was its second failed attempt to break this level in 2 weeks. It might prove to be a strong resistance level. Last time price reached this level was in November 2015.
Second failed attempt to break resistance
On 4 hour chart it just peaking its head out but can very well be a false break.
Looking at RSI on 4 hour chart, it is showing a bearish divergence as the RSi reached just above 70 mark.Coupling with the fact that price is trying to break a tough rsistance area, have to keep a slightly bearish outlook for the day.
