RSI on 15 min chart as not been above 50 since last Thursday. Getting above here today would be good sign that a bounce may have further to run. Last two days SPY has been sold pretty hard once 50 level has been reached.
Get above 50 and the down trend line also has a shot of being broke to the upside with target of 190.50 and 191.40 up next. Otherwise, failure there and down to 186.50 seems likely.
Get above 50 and the down trend line also has a shot of being broke to the upside with target of 190.50 and 191.40 up next. Otherwise, failure there and down to 186.50 seems likely.