So what does this data day? Well just like any data you can't rely just one indicator but with that said.... Traders feel strong that SPY will continue to have a good weak next week but after that it becomes anyone's guess although the leanings are toward the bearish side to finish the month. Then in March there is fairly strong feeling SPY will find its bottom in the middle of the month. I didn't post April or May but so far it seems options are showing pricing in a peak in May.