$320 has been a strong support for $SPY. If it breaks lower the drop will be significant and puts will be in order. Of it bounces off support we can expect a short rally of a few days before any change in direction or retracement. There will be a lot of volatility this week and due to extended counting days for some states this will increase the volatility even more.
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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.