If you zoom out to 
SPY 1W chart notice the massive rising wedge. The last support level to watch for the bull case is 410.64, it seems doubtful it will hold up with continuous pressure by the bears. If this support level is lost expect sub $400 on $SPY.
SPY 1W chart notice the massive rising wedge. The last support level to watch for the bull case is 410.64, it seems doubtful it will hold up with continuous pressure by the bears. If this support level is lost expect sub $400 on $SPY. 
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Disclaimer
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.