This is the 3rd day in a row that DecP (small orange dots) has acted as resistance for SPY. This is short term bearish and points to DecS1 (small green dots).

Also, DIA tried and failed at DecP / 2HP combo as well. IWM was rejected at YP but managed to hold on to Q4P at the close. IWM is only pennies from being back under all pivots! NYA is still holding onto the Q4P too, but any further drop on Friday will send both of these two larger indexes back to the most negative designation of under all pivots. This will leave QQQ to save the market again, if it can.