They got over the median line in premarket which foils any more downside for the week (and the bearflag pattern I thought I saw). Any test of 392-391 area should be a long entry today.
This B wave will be choppy into next week and then we'll head towards 373 area. B waves are often choppy, confusing and in general, tricky to trade with lots of false promises.
Target the gap on SPY around 407 today or early next week. Good luck!