Things certainly look to be shaping up for a big movement coming into the late end of the year. I can't help but notice a classic bear trap setup where we can even see less volume on the final attempt at breaking resistance, unfortunately, I think SPY may be in for some real trouble. I see no volume spikes to indicate any sort of low at this point, combine that with the bull trap appearing on the hourly, the potential head and shoulders setup, we may see a bloody winter.
My guess would be 380 come the New Year, 325 in august and back down to 236 by next year. Will wait and see how the patterns and price action play out. If we can't break and hold 444 over the next two weeks, look for a move down to 415.
Best o' luck out there!