Here is the current SPY daily chart...
Click for larger, Browser back.
I am a little concerned here.
It is a left shoulder, the head, and maybe a right shoulder in the making.
In checking the volume, I see that one huge red bar, and a few green Pygmy's. This indicates strong downage and weak upage.
Not scary because we can make money from the market moving either direction, but I have a lot of long positions that I want to exit profitably.