Monday offers a very interesting setup for SPY. It is above the zero slope MA of highs. Also the RSquared basis the October low is .955 and the January low is .959. The containment ratio since early November is about 4 and since January is about 3. I'm not sure I could fabricate a much more perfect short setup. There is temptation to put on a trade preemptively but I will wait for the break to start. A violation of that zero slope 5 day MA of highs below the Thursday close would be my signal to get in. Could the market go yet higher? Sure. But I would say that the overwhelming opportunity is to the downside. The break could be brief. Days or weeks. But some of it I believe could be severe. Will a Bad Monday follow a good Friday? The Easter egg may lay in puts.