$SPY $BIDU - Bounce or tank?

Interesting here. Looking at weekly, macd rolling over. I can see sow before UTAD to create the apex with support found a the 61.8. Tough, that could be UTAD with LPSY set for FTI or Sow about tag UTAD. CMF virtually flat. My bias has a hard time being long this market. Short term, can it rip to new highs? Yes, possible, I would be waiting there short.

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