Red is range, fib tool used in the latest swing in aug, currently spy is bouncing off and holding around the second fib line once it hits first fib line of 405 then watch for the break upwards. if it continues to hold at second fib line it will test 3 fin line again at 390, if it breaks 390.
it tested .618 with support and holding, the .5 line is where we wait to see direction.