SPDR S&P 500 ETF TRUST
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SPY - Still More Sliding to Come

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Despite this early morning pop, SPY still has a lot of potential downside.

Low volume, buyers aren't exactly lining up to buy.

SPY is still at the lower Bollinger band.

The MACD is showing a downtrend.

Personally, I'm holding off on opening any positions yet. I still have short December calls I'm waiting to buy back. When I do short sell calls or puts, it will most likely be in Jan 2022 expiration. I haven't decided on a direction.

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