Bearish Points:

There are more liquidations available to the downside rather than to the upside.

Retail is buying calls hand over fist, and there is little reason to believe they will be allowed to expire in the money.

The open interest fell as the price rose

Traders are shorting this rally

The price is at Max Pain. The last time the price reached Max Pain, it fell sharply.

The wave master printed a decent sell signal on the 1 hour.

We are starting to see bearish twitter sentiment, which in this context is ingnition for a move lower.

Bullish Points:

Dovish FOMC meeting was today

That comes out to 7 points for the bears and 1 point for the bulls. The resounding conclusion here is that prices will be quite likely to fall.

Thanks for playing.