SPY follow up

 Again, we see a test of the 10-bar m.a. on a 10-min chart, this is the average to watch as algos seems to be following it, that may change, but for now it's held as resistance. We are now at another area of support.
Like I said earlier, I rarely do a video and go out on a limb without having significantly more confirmation, but I'm trying to stay ahead of the curve, that's why yesterday I showed you the SPY carts throughout many timeframes calling for a reversal and it looks like we have it. Watch for volatility around this support area and watch for volume on a break of it. As I mentioned last night, the high degree of traders on new recovery high margin rates could make for a very nasty snow ball effect when those margin calls come in. Many will most likely do what they've been doing and buy the dip, but if this is not a dip, they'll be in that much deeper.

 1 min 3C confirming the downtrend since the 1 p.m. distribution/negative divergence.

 Now we have a negative all the way out to the 30 min chart, this could be escalating.

The daily shows the reversal, we've taken out the open and it looks like the gap from yesterday already and volume is already increasing over yesterday.