I am carrying a modest short position from yesterday and day before. Currently in the black, but I don't have much conviction in it.
Thesis is driven by some weak technicals and a view that there will be a second push down to test April 10 low or make new lows some time in the next two weeks give or take.
I think today is about settling OPEX. So, I am not sure we are getting signals that say much about what lies ahead.
Also, a quick look at a 10 day 15 min chart on the SPY shows a rising channel in a symetrical triangle kind of thing. I guess that tilts toward bullish but could go either way. Today's trading is honoring the boundaries. So, resolution next week it looks like.