It looks like the 200 SMA is going to be and always is a sweetspot for a bounce after these big pullbacks. That would make the support on SPY being $265. I wouldn't get fooled by these fake pumps towards the end of the day as it looks like they are just trying to take premium off these weeklys. Go long or enter right at the end of the day would be my suggestion.
Beyond Technical AnalysisTechnical IndicatorsshortshortsshortsetupSPDR S&P 500 ETF (SPY) spyshortspy/tltTrend Analysis

Disclaimer