SPY (S&P 500 Index), why I'm short selling for the next few days

Aside from some my rationale noted on the chart, fundamentally earnings thus far have been unspectacular coupled with 'safe' stocks ie (Coca Cola ($ko)) being overvalued and the federal reserve tapering makes a continued sell off understandable. This is a stock pickers market once again with speculative plays and sectors outperforming the market. I'm not ready to call this an outright bear market, I just want to sell some options spreads and short some weak names to take advantage of this kind of environment.