There appears to be a Head & Shoulders pattern forming in the S&P.

The left shoulder and the head have formed, but the right shoulder hasn't appeared yet though it looks like its starting to develop.

Once price begins to break to the downside, trading below 1010 and change, prepare to go short or, at least, put some Bear Call option spreads on to make a little change.

If the S&P's are too rich for you, then by all means, trade the SPY which is the ETF.

Also, make a list of short candidates of the market starts breaking to the downside as your hit list will likely follow.

My advice is not to get creative but just watch the market's price action and trade accordingly.

Good trading.