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SPY: Waiting for Extremes to Set Up a Position

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SPDR S&P 500 ETF TRUST (AMEX:SPY)  
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AMEX:SPY   SPDR S&P 500 ETF TRUST
Support and Resistance S&P 500 E-Mini Futures S&P 500 (SPX500)
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supportandresistance es1! spx500
SPY is moving in a midst of the discending channel formed since historical high was reached in Jan'22, tested $388 level and can move in either direction: move up to the upper bound of the channel near $407 or down to the lower bound of the channel near $331. More precise short position could be set up at the upper bound of the channel.
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