While the SPYs were up today, the chart tells us that prices made most of their up on the open. Prices trended down until a little after 1 then rallied with a sell-off into the end.
On the 10 day chart, notice the market was moving lower through last Friday. But since Monday the market has been moving higher. In other words, it's looking more like we're in a reversal of the downtrend.
On the daily chart, notice that prices have bounced through the 10 day SMA. However, also notice that volume for the last two days is low compared to the sell-off the preceding few days.
