Prices may be setting up for a sharper decline than I previously expected. Prices breaking below the 211 level could send things lower quickly.
-SPY- Similar to the gold setup a few weeks ago if prices break below recent support (211) prices could move sharply lower. Median target would become 204.50 on a confirmed breakdown below 211. With the possibility of filling the gap, that formed at 202.30.
Again, something to watch next week.