Hi everyone. Below is the weekly chart of SPY. Since we dropped Thursday and Friday, I suspect we will have a bit of continued selling next week (at least on Monday and Tuesday). As a result, I think we close neutral or down about 5%. If we move down, we will probably retest 270 rather quickly, and anything below that would mean a retest of the 250s (~10% lower from 270).
Sentiment is still quite bearish so we could see continued buying until more people are bullish, but I still think it is more likely we move lower next week. Thanks for reading!