Buy signals issued on 30/60 min SPY but not biting yet. NYA is also showing positive divergence after a taking a beating this week. I feel risk to reward it is slightly in favor of bulls on a very short term basis as the market could easily snap back. Slight chance I take a small long but just as good chance I don't. On an intermediate time frame, there has been a lot of technical damage so I would tread carefully. Still lots of potential scenarios in my mind and I am going to wait until the market begins to form one of them. My ideal scenario (for now) is seeing tired upward movement that can be reshorted. Until then, I wait.