MOC has been pretty meaningless the last couple weeks. We had a particular day last week with a 1.5B to the sell side and then had 30 minutes worth of green 5min SPY candles into the close. We did see a monster 6-7B sell side once last week (highest I have seen), but we didn't give too much.
Market is still in the precarious place. If we give up this low again, we likely see an accellerated move towards the 200D. There are some pivots along the way, but people are going to start getting emotional if we keep with this downward trend. Conversely, we have held this rough double bottom from Friday and can equally just move back higher.
Take some nibbles at levels, but the time now is for patience until we get a clear direction. Same thing I have been saying for a while now.