SPY's direction will be determined tomorrow.

pretty good profit today on spy. sunday i made these indicators and shorted spy since it opened below the trend line shown on the graph. the purple area shown on the graph has been consistently a key level to watch. I still believe that spy has more room to drop but if it rejects the 20 Ma i will not re-enter my shorting position and wait for a better set up. the news of the stimulus package tomorrow can determine the direction of where spy might possibly go. Spy was bound to drop sooner or later because it was looking to retest that prior resistance level as support. It must hold that area tomorrow for it to continue going up if not i will probably re enter my shorting position.