I wanted to get this analysis out last week. But anyway Spy has been looking like BTC was when it topped out in April/May. It has been playing out the Wycoff Distribution on the daily along with bearish divergence on multiple time frame charts. We appear to be in phase D or starting Phase E. Spy has a target of 430. Key entries would have been that last retest of 473 or last retest of 465. Right now bounces should be shorted until the downtrend reverses. 450 is the next good looking short opportunity. I was short options since 458 yesterday and sold this morning at 443. Looking to re enter soon. I want 450, but I may wait to see how the market digests everything over the weekend. Any trades rn should proceed with caution. Today was options expiration and we are very volatile right now. Patience Pays. Good luck out there everyone