$SPY Near All Containing 20-22 Support

This obviously could go either way, but the lower orange trendline is a level to watch closely for both bounce trades, and possible short entries, should the price fall below. We could realistically see a continuation of today's bullish trend in the next couple of days, prior to the orange trendline being tested as Wall Street positions itself for what happens next. Notably, RSI divergence is apparent as the $SPY printed lower lows.

Also included on this chart are previously broken "all-containing" trendlines from the 2020 bottom which have served as obvious support/resistance levels earlier on in this market downtrend.