SPY Possible Bigger Drop in the Works

Expecting a back kiss of this trend line. I think the best move as a big smart money is to create a false move up, and drop it again.

The second drop will really clear out weak hands and harvest those sweet, sweet late bulls. The time to buy will be when SPY is protracted outside lower daily bbands because at that point it will show complete exhaustion and overly exuberant fear driven selling.