Market may try to find short term bottom

SPY daily found a support from the Fib50 and got a rebound. This rebound, if can maintain one more day, may be a mark of the reversal and will favor the so called seasonal rally. It seems to me that bears is losing the control soon.

SPY 30min serves as a trading purpose.

My trade setting for 12/16/2011
It seems to me that the selling pressure is reduced.
Bulls: Buy if 3 of 4 major Europe indexes (EURUSD, CAC 40, DAX, FTSE 100) are green and that one if sinks, not deeper than -0.25% and SPY opens in green or just in slight red (> -0.25%). Target 123.20- 123.64.
Aggressive Bulls: May consider to long overnight if 3 major US indexes close in green.
Bears: Short if 3 of 4 major Europe indexes (EURUSD, CAC 40, DAX, FTSE 100) are red and that one if green, not more than 0.25% and SPY opens in red. Target 120.52
Aggressive Bears: May short at a pullback from 123.64 or above.
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My trade setting for 12/15/2011
Bulls: Buy if 3 of 4 major Europe indexes (EURUSD, CAC 40, DAX, FTSE 100) are green and that one if sinks, not deeper than -0.25% and SPY opens in green or just in slight red (> -0.25%). Target 122.60 - 123.22. =>  Open gap up to 123.06 meant target met at open. So logically bulls had to sell (if longs were available) or had to wait for a pullback to enter longs.
Aggressive Bears: May short at a return down from 123.22 or above.
Cautious Bears: In waiting mode.