SPY / SPX / ES1! - Not confident this is the end of the downtren

Wanted to get a quick technical analysis out on what I'm seeing with SPY. Signs are telling me the downtrend isn't done yet. This could possibly just be a retracement from the downtrend, or as you see me refer to it as a "dead cat bounce". I'll be watching it closely to make sure I capture the right call for those looking to hedge.