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Assessment: The candle yesterday ended up being quite ominous. We are obviously oversold now on a short term basis, but it would signify that perhaps the next major move is down. The key pivot, to get back to those since it has been awhile as the market has slowly ground higher, would be the red line at $563. We will see if this is just some profit protection selling OR if they push below that level. I might look to front-run a larger sell-off, but ideally would want a little bounce, perhaps to test SPY $600 before a collapse lower.
SPY Chart: https://sblk.io/s/wyxzTPcQSNh0FEY
Good luck in your trades!