SPY Expected Relief Rally but Still weak

A little intra-day update for SPY.

As anticipated, we had a nice relief bounce. Congrats to you intra-dayers who got long this morning. I played QQQ and TSLA to the long side.
Was waiting for an intra-day short entry for SPY. However, SPY is incredibly weak still.

So based on SPY's open price, I calculated a predicted high today of 441.92. Like I have said in previous posts, we usually ALWAYS hit my predicted high, even in the most bearish of days. We came close this morning but no dice. So I waited.
We ended up hitting my calculated low of 437.39, however I missed this or I would have went long here! I was already in a TSLA and QQQ trade though and generally I don't like more than two simultaneous intra-day trades open at once (Because I also need to pay attention to my Youtube stores that I like to watch :) ).

We came SOOOO very close to hitting 441.92 but, it just could not make it. I ended up not taking a short intra-day trade because it just doesn't fit with my trading plan. If it doesn't hit the target, I don't take the trade. But looks like we are having some nice bearish follow through. However, this signals that SPY is still really really heavy. For it not to hit this price target, it means that its still really really bearish. We even hit my adjusted high on Friday and that was like a HUGELY bearish day.

I am anticipating us to re-hit that 437 calculated range again. On the 30 minute charts its forming a nice double top and on the 3 minute and 5 minute a nice bearish flag.
Again, not going to play this unless SPY decides to gap back up to that 441.92 range (which I just think is so unlikely based on how heavy this is).

Also for those shouting to go long. Please, don't. Understand that stocks don't go straight down or up. If they did, stocks would be at millions of dollars in a matter of weeks or in the minuses in a matter of months. Use common sense.
Also, stick to your plans! As you can see, despite how bearish it is and I am certain that this is going to hard sell by end of day, I still am not taking the trade because it didn't fit my plan. Don't be afraid to pass up opportunities and don't force trades not in line with your plan! The market isn't going anywhere and will be there again tomorrow.

As always, trade safe everyone!