$SPY did just what I was looking for in the morning update. Dropped to 1st support and re-tested 20ma, and now having some trouble to clear 135.15 which is the current pivot point. My expectation is for it to fail this level, drop again and slice through the 20ma and find support again @ 134.30ish level. We will then most likely spike back up, and re-test this 135.15 level, where we will most likely fail, drop back again to the 134.80 level where mostly everyone think this is it, and then ramp back up and close above 136.55.
Again this is just my interpretation of how the day will unfold.
May you all have a good continuation of your day.
