A new week - how far will the rally bounce go?

Friday we saw a sharp short sell rally bounce after we got clearly over extended with last weeks sell off.  I would look for a bounce off of the 284 area on the SPY marked off on Fridays low, looking for a potential retest at some point in the future perhaps in the next several weeks.  I wouldn't be a buyer here for anything longer than a day trade, as we may likely test the lows after the short lived rally bounce.  Good Trading!