AMEX:SPY   SPDR S&P 500 ETF TRUST
Since September 20th, when we get close to the 200 ema (purple), we get a retracement towards the previous high before the next retracement process. A retracement of 61% would take the SPY to $463. The previous high was broken and we have a higher low as we are bouncing off of the 200 ema with a 20/50 cross.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.