It looks like around mid-March was when 
SPY broke through its upward trend in a bearish way, but has since reestablished a new consolidation pattern with a slight upward resistance. I think bad things will happen if it breaks down below 204 for more than 1 day. The "all clear" will probably be if it can break above 208.25 and stay there.
SPY broke through its upward trend in a bearish way, but has since reestablished a new consolidation pattern with a slight upward resistance. I think bad things will happen if it breaks down below 204 for more than 1 day. The "all clear" will probably be if it can break above 208.25 and stay there. 
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.