SPY is still an inside month, with a bearish candle. More down side is likely.
Using Strat Radar, we get an X-Ray view of what algos are doing with price action on different time frames.
On the weekly chart, price retraced to a previous bearish order block, then presented a 2 up + 2 down reversal opportunity, it played out nicely.
On Thursday, SPY daily chart...
IF it happens, it would be lovely. This 3-2-2d on the week can push it through the monthly outside trigger. I can foresee it bouncing there at that trigger before it continues down. Definitely need a few weeks on the contract. Even though the week was just barely green, the 2d week puts us back into FTFC.