The market continues with its battle between a bullish breakup and a bearish breakdown.  On the daily chart the SPY has broken above its down trendline, then come back to test the trendline and then started to head up as if the test was successful.

This is a nice setup for a buy, however on the 90 minute chart the SPY completed a bearish ascending wedge (ending diagonal), broke down from it, and then moved back up to test the underside of the wedge and then turned down as if a successful test.

This is a nice setup for a sell. 

So now it is just a waiting game to see which chart pattern wins out.  A move to a new high in the rally will be bullish, a break of the daily trendline to the downside will be bearish.