$SPY - Daily Chart

There's no doubt SPY looks extremely weak right now. Support has held and positive inflows last week. Higher low from May 5th and at support. I've been as bearish as anyone on this market, but some bull short term divergences showing up. Monday is key..

We still have a huge amount of outflows to deal with. It's possible we get a bounce next week, but I can certainly see a cliff dive. Here's some targets I'm watching.