little more downside before bull. for AMEX:SPY by frodo75 — TradingView

At around 340, when I was anticipating a crash, most were bullish looking at ATH . By 310, we will become bearish enough to cause the market to reverse course. There is no magic in this assessment. The market is controlled by Big Money and they monitor the current “bets” of retail. They let retail pile on in one side and then reverse market to harvest. 310 would be perfect spot for the market to reverse. This would line up well with elections.