SPY Short Target

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SPY broke it's uptrend from April finally and even broke below the previous ATH around $550. We have some demand here on ES and NQ, but I'm not sure anything is going to hold if VX continues ripping. For now, I'm thinking we may bottom out soon, I think the $542 area is a good spot on SPY, it's not far.

If no quick recovery here, it's just going to get a lot worse.