Long term perspective. Back in 08, notice the bearish volume spikes that are similar in size, location and months of the year. If SPY does for a Head and Shoulders here, the 2000/2008 OLD resistance, likely will become new support. At least, I would not have an issue buying there...
I am bullish long term, UNLESS 182 on the SPY gets broken. Then, I'll be bearish until spy bounces off of the 150 area... Bearish to neutral at this point short term and medium term.