SPY will go down tomorrow hitting 0.786 FibS&P 500SPCFD:SPXPrincessgirlThere is a descending triangle on the SPY. Tomorrow there is going to be a drop down hitting the 0.786 Fib line or 7351. And if you go back in the chart every wave in the descending triangle was at the 0.786 Fibonacci line. After it hits that fib line it will go back up to continue to form the descending triangle for the next few days/weeks.