SHORT TERM BEARISH SIGNAL?

I am posting this with about 1 hour left in the market (Thursday). The market gapped up at the open, but it has been selling off for most of the day. The SPY is showing a very bearish candlestick. The price on SPY gapped up at the open then immediately sold off. If the price closes near the low of the day, this will signal a very strong probability for a short term move down within the next few days. This would give you an opportunity for at least a short term profit. Stops would need to be placed above today's high. Any move above today's high would negate the bearish expectation. We would still need more confirmation to signal a bigger move down (perhaps a move below the 50 day MA), but it could give you at least a short term gain. Make sure the SPY closes near its low of the day before you get into your put option trade. Try to place your trade during the last 10 minutes of the market. Many of you won't read this until tonight. If the SPY closes at its low of the day and it doesn't make a big gap down tomorrow morning, you could still enter into your put option trades at the market open tomorrow. We'll see how it looks at the close.