Using VolumeProfile on a longer timeframe, the real bargains right now could be any test of the range bottom of this VolumeProfile Value Area. Roughly around 106s - 108s. If we don't reach those prices ever again, then a breakout out of current Value Area's range top at 116s could be the next bullish setup.
SPY has broken out from all this VolumeProfile "Chop" between 218.60s and 217.80s. Bullish case, we re-test 218.60s, hold, and this baby may finally see 220. Bearish case, we simply get trapped in the "Chop" again until the next catalyst.