SPY Sentiment Signal Bearish

Every day I scan the market for individual stocks within the S&P 500 index SPY for short term volatility either bullish or bearish. I have begun compiling these signals into a derivative indicator. This morning's score was a -11. The last time the indicator signaled -11.20 was on 4/16/2021 which preceded a few days of downside in the market. This morning's price action made a slight try to get up and test the All Time High but seems to be failing. The first part of the day's down move has retraced to the 50% Retracement level of the day. It is worth taking a short here to test my signal, play the day's price action, and benefit from an asymmetric reward/risk. A failure to retest the last ATH could have much downside.

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Zoomed in price action on 1m 50% Retracement