SPDR S&P 500 (SPY)

[risk on]

I’m supporting your call , not so much for today , but I do see a much bigger drop coming before EOY. Basing this on the monthly chart, weekly chart, and daily chart too, specifically that ultimate oscillator plummeted the past 4 trading days , and only yesterday ticked up a bit . Also in daily BBs ( 50,2,2) , price is trapped between the upper B.B. and 9 ema , which is pushed up directly below the upper, meaning that a drop is eminent , and that drop will automatically push price below 9 ema .