On June 3rd, I wrote
"Getting close to first target range of 78.6-88.7% return to ATHI
I won't close long/enter hedge unless/until a daily bar closes below 8 SMA"

Today's CLOSE is key. Right now: $SPY 8 MA=314.94 $SPX=3149.43 $ES_F=3145.63

Premarket $ES=3115.75 $SPY=311.88