We are falling below this next Fibonacci level which is great news for us bears.
SPY should continue to drop throughout the rest of the day and we may even see a gap down this week.
Macro news is overwhelmingly bearish
Technical indicators are looking more favorable for the bears - the moving averages are not as bullish
Wish the RSI was a bit higher on the one day - but still highly profitable in this short - and we have more room to drop. Hope you are also sharing these gains!!