Even worse on the weekly. Do not buy SPY right now.

Weekly shows more of the short on the SPY. Please do not buy the SPY right now.

Have a look at the Cash in/Cash out report, a free open source indicator on this site tradingview.com/script/I7YyeFKR-Cash-in-Cash-out-Report-CICO-Quiets-market-noise/. Let me know if you have questions on usage. If the indicator gets 1,000 likes, it will become a free iOS and Android app! By the way, this negative movement is worse than Covid1984.
Chart PatternsTechnical IndicatorsshortSPDR S&P 500 ETF (SPY) Trend Analysis

Disclaimer