SPY: Bulls had their fun today

Today JPOW scared the bears and the day favored the bulls, but this will only be temporary. I'm neither a bull nor a bear, I only trade what's in front of me. With that said, I see SPY getting rejected at this level and falling back down to the 1.618 fib extension around 385. Any move above 418 would nullify this thesis. RSI is showing the market is overbought and the SMA's on the monthly are still trending downward, so I expect today or tomorrow to be the peak and we trend down for the rest of the month. Michael Burry is also throwing out a warning to the trading and investing community to sell, so he must be in the know on something as well as Jim Cramer declaring we are in a bull run (INVERSE CRAMER!). Let's see how tomorrow plays out, but I think we see a lot of selling coming in the next few weeks.