SPX500 INDEX (SPY) Bearish Forecast Based on Structure

hey guys,

since the 29th of April, we see a consolidation on spy in a wide horizontal daily range.

now the price is approaching its resistance again so we can expect a retracement.

target levels
2900 - minor support (382 retracement of the last bull leg with numbers adjusted)
2850 - minor support (618 retracement of the last bull leg with numbers adjusted)

good luck!