I am not in the business of making predictions, but I would not sell SPY too short on being able to move higher. For sure the market is a bit bi-polar at the present with several stocks just sitting still or actually moving downward while others are going crazy up. NASDAQ is getting the benefit of this with the likes of FANGs and others, which is most of my short term trading holdings.
So while SPY has had 2 negative closes in a row, it has also managed to set 3 new ATH records for the last 3 days. I am still a believer in SPY and hold plenty of it. Nothing on my charts tell me to do other wise.
Most posters look at charts to try to decided where a stock is headed. Nobody has ever been able to predict the market, if they could they would all be zillionaires. When I look at a chart I answer one simple question, do I buy, sell, or stay in cash.
Trade the Charts and not the Heart - Expect the trend to
continue until it doesn't - Realtime is the real deal
