$SPY test to 200.56... maybe 200.94, then time to go short...

Looking for test of this leg start at 199.40-60 area, then possibly to make right shoulder in this distribution process...afterwards may see breakdown... watching key levels.... All of this looks like distribution, but I don't think it will be HUGE move to downside... should be opportunity for accumulation once we break below 198.70... Ultimate target is 195-196 area.... IF we get that...