$SPY - Hourly Chart Bearish Outlook

Look at the support and resistance levels set out for the $SPY. Looking at our hourly chart you can see that we have faded off our 3rd tap off $281 and are now hanging below $260 after hours leading into the open on Monday. Bearish outlook for the Bulls going into the week of December 17th. If we break and hold under $260, we may see increased volatility and short opportunities arising