Next major decline, I expect SPY to drop between $250 and $264.
Logic
1st Decline - 339 to 287 = -$52 (-15.3%)
50% Retraction - 287 to 313 = +26
2nd Decline - 313 to 275 = -$38 (-12%)
Current Value - $288.40 - SPX Futures @ $280 (3/10 9:32EST)
Today we saw roughly a 25% retraction landing us @ 288 on close - - - we could see another rally to around $294 or...
