We've seen SPY reject the blue line three prior times on the monthly chart. Though the reject already happened on the weekly chart in early November. But, now, if S{Y closes below 208.50 on Monday, then the monthly candle is a doji. I'm more than willing to short it to hell (also known as 199 if 206 breaks).
Note I'm not telling you what to do, but I intend to buy 206 or 206.5 December monthly puts on Monday or Tuesday next week. Again, that's only me saying what I intend to do.
If the Doji materializes,its a short. Mind you, it may test the top of the line first, which is approximately 211.30. No matter what, the market should fall from these levels before EoY