SPY support is at 280 and resistance at 293.SPY is struggling to get past 61.8% level of the sell-off but has not yet triggered a sell signal. Talk of progress in treatment or vaccine for Covid or a supportive tweet can jolt the market from is current lower drift. SPY needs a bazooka from the FED to keep moving higher. But absent that stimulus #SPY is adrift. If that was not enough US is threatening further tariffs on China.
All this contributes to a sour mood at the open in about 45 mins.
ES futures are down about 2.1% as of this writing. 
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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.