The SPY is going lower again. The indicators are pointing in that direction. I suspect it will hit around 406 for two reasons. One being that is a Fibonacci level and two, that would be about a 25 point drop which is amount it dropped from July 31 to Aug 18th, and Sept 14 to Sept 27th.
Comment:
Actually, it may hit the 1.618 Fibonacci level as that was a level hit in the beginning of 2018. It did the same zig zag formation then.