SPY BREKOUT OR REJECTION?

I'm neutral on SPY at the moment. I would like to see how it will react at this level. If I had to guess we will get a breakout to the 420 range due to the cpi being pretty inline with forecast. With so much going on i'm bearish overall. Would love to see a rejection back to the mid 390's. This could set up to be a monster put option, however we would have to have clear indicators to justify that. I never enter a trade based off lagging indicators like RSI / SLOW STOCH. I would like to see clear candle patterns develop on the daily to enter in my short. RSI + SLOW STOCH are looking pretty topped out so you could make a case that a pullback is to come, however Im never confident just using those to go off of.