I think SPY may trade 500 areas before goes toward under 400
Checking by Fib levels i think 1.282 may be in play as it did same price action. which is around 24$ it may take may 3-6 months
Can we see FDX at 400 next year, By price action and downtrend still need to break.
If it follows the previous trend and repeats it we may see 70$ beginning of 2022 .