SPY price closed just under the 200-day MA, just within an untested open gap zone (highlighted below) and just shy of the first target (50% projection) from our ABC wave.
A lot of little scalp trades in the late afternoon (Blue arrow is entry, Black arrow is exit)
The overall with key levels
A key for the above chart to define the horizontal lines and dots. For further explanation, see this link:
Final chart showing the daily cycle count. At best we would be looking to buy a divergence for a bounce, which wouldn't be entertained until the faster time frame recovers (green fast line or 3d criteria).
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