Short term chart showing a few key things. First is the highest amount of betting of where SPY will end this week is 640, you can also see the red bars and quite a bit larger than the green showing many more people are betting SPY will fall than go up. Also notice the actual price of buying a PUT ,betting it will go down, is significantly higher showing a bias because the market makers charge more for what is seen as a sure thing, while wild bets that are likely to fail have cheaper fees. Third point that is interested is the future projections show a huge red bar for the end of next week, showing people are putting there money on another large move to the downside. You can see i am locked in short 3 shares, not using a large position size since the turnaround could happen any day now.