The ARCA:SPY put-call ratio returned to its 20 dma on Monday, which means that the ratio is no help as an indicator for tomorrow.
The rise in the ratio happened on a large drop in open interest, which is now roughly in the middle of the normal range.
SPY put volume fell by 22%. SPY call volume fell by 37%.
One thing to keep in mind is that the ratio will usually fall to its lower Bollinger Band by the close on Thursday of triple witching weeks. That often happens on a Thursday price rise.