is this the breakout? clearly not, but maybe soon (SPY)

weve crossed back below VWMA and rsi diverged bearishly coming off overbought. we will need to see qqe short entry dry up before broder markets come back. id imagine we end the week lower, maybe under 422, and come back up next week to complete the breakout. otherwise, if we break 414 and test some area below resistance trending lower, we could find ourselves down below 400 soon.