The only thing you should look at for predictive analysis at this point is what $DXY is doing. You can see the correlation in the chart here, one goes up, the other goes down. Look at key levels for the dollar, and currency / bond markets to figure this out. The SPY is all stimulus fluff at this point held up by the dollar, but guess what, you can only prop it up for so long, as soon as liquidity shrinks ( when the stimulus effects die off), its gonna be hard to get cash, so you'll have to get it from your portfolio. And with the rally in Bonds today, well... lets just say there a point to be made about where people want to put their risk.