Just to keep you all updated on what I am watching with $SPY. Bounced at the opening for a continuation of Fridays close, ran all the way up to the 200 Day MA on the 1hr and just at the 0.65 Fib it lost momentum and has been coming down since, I would be surprised if this ends green today. Mega Cap stocks are struggling so far today, after we have highlighted over the weekend that they have been looking extended and all of them are in bear patterns.