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S&P 500 analysis

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SPDR S&P 500 ETF TRUST (AMEX:SPY)  
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AMEX:SPY   SPDR S&P 500 ETF TRUST
Support and Resistance Fibonacci Trend Lines
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supportandresistance fibonacci trendline
Hello! Welcome to this update on S&P 500 analysis.
Price is between support and resistance levels:
Resistance: 280.92
Support: 259.85

Price is below 200SMA which is a sign of bearishness.

Based on where the SP500 is situated at this time I think the most likely price path is in the projected price path shown on the chart.

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