Spy opened on 50 day, with yesterdays close breaking an eight session sell-off. The 10 day is now bouncing off of the 50 day, with no penetration below. There is substantial overhead resistance at multiple price pts, with the 20 day at 107 and change. The 8 session sell off can clearly be seen as either a bullish flag, or the beginning of the end. The 10 day downtrend has been broken with conviction with today's move. And one thing is clear, the chart is moving from the lower left to the upper right for the prior three sessions. Going into a jobs report tomorrow, which could easily beat low expectations, means that if you choose to short here you could literally have your head handed to you tomorrow. Either cover now, or get lucky, or.....just my two cents.