The SPY is going lower again. The indicators are pointing in that direction. I suspect it will hit around 406 for two reasons. One being that is a Fibonacci level and two, that would be about a 25 point drop which is amount it dropped from July 31 to Aug 18th, and Sept 14 to Sept 27th.
Note
Actually, it may hit the 1.618 Fibonacci level as that was a level hit in the beginning of 2018. It did the same zig zag formation then.
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