Today will be a reversal day

Based on yesterday's EOD, today will be a key reversal day. What this means is, after a morning spike which we are seeing currently, there will be lower prices. This could be 780 or 790 or higher on ES but this level will produce a severe reversal that will push the indices above today's opening prices by the close. Before the noon, I will be closing SP big contract positions that I opened below 820 last week. I will reenter later today.