SPY weekly

First day of the week, so no telling how this weekly chart's candle will close, but a couple of patterns stand out.
On the weekly; 3-pushes to a low followed by a gap above the down trend line and 3d criteria on the 3/10macd indicator.
On the daily;  A momentum buy divergence at the bear trap.  The first test of the 50-day MA since 08/01 and we gaped at it and closed strongly above it.  $120 looks like obvious resistance, a test of which would give a reverse (sell) divergence (higher high in momentum, lower or equal high in price).   All of which would set up a very buy-able dip.

Closer look at the weekly.  A rally back to $127 would set up a reasonable short opportunity :