DecP was solid resistance for SPY on 12/29 and then down from there.

More importantly, the late dive (barring a decent gap up on Monday) puts SPY above 3 pivots but below January.

2016 yearly (YP) 200.02, should open above
2016 first half (1HP) also 200.02, so should open above
2016 first quarter (Q1P) 201.50, SPY probably opens above
2016 January 204.90, should open below

QQQ and DIA are similar, above 3 pivots but probably opening below JanPs. IWM will open below all pivots however, making the downtrend stronger than any uptrend on a major index. NYA also opens below all pivots. Breadth is weak.

So the bullish scenario is that QQQ, SPY and DIA jump and reclaim the JanPs to establish status of above all pivots. Bearish scenario is staying below the JanPs on QQQ, DIA and SPY to test the Q1P and/or the YP / 1HP combos on the stronger indexes as the weaker indexes IWM and NYA lead lower. Then we'll see what happens from there.