Intermediate bias to the downside on SPY

This week the SPY broke out of the symmetrical triangle then filled the gap we called out at 201.62 and retraced 100% of the previous swing.

The intermediate bias is now to the downside and there are numerous downside targets -

• Gap fill @ 196.16
  Fib target @ 192.02
  Gap fill @ 190.30
  Gap fill @ 186.27
  Fib target @ 178.53
  Gap fill @ 177.48
  Gap fill @ 173.22