The price is inside a daily structure zone between the 50 and 61.8 Fib levels.
As long as the price is inside the zone there's uncertainty regarding future price direction.
A breakout above 200 could lead $SPY towards the final target of this pullback - 204-206$ (according to my analysis of course.. it could rally also rally to the sky if it wants to)
A breakdown below 198$ could lead to a short term pullback following last week's correction move, perhaps towards 192$ and 190$
These are the two scenarios I see towards the coming trading week.
With jobs week ahead, rest assure that the summer's will last few more days..
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