SPY - The Party is over

SPY has failed to pass the 343.50 range (0.618 of overall down move) on top of that I'm seeing BEARISH divergence on the OBV daily chart like never before. It's very likely that there's a turnaround point within the market here.

Seriously, I've never seen daily divergence on the OBV of spy like this before. This is as perfect of a short setup as it gets.