SPY fell a bit under its FebP today, so that's bearish - under all pivots. But it doesn't really look like a rejection like 2/2, so we'll see what happens next week.

Another bearish consideration is the INDU / DIA / YM were the USA leaders, and 2 of 3 of those fell back under the FebPs (DIA remains above). Again though, not really a clear rejection.

My bias is for breakdown but right now I don't see a short term clear direction either way - we'll be watching these FebPs across the board and the WPs next week.