SPY Will Go Down! Sell!State Street SPDR S&P 500 ETFBATS:SPYSignalProviderPlease, check our technical outlook for SPY. Time Frame: 9h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is testing a major horizontal structure 746.60. Taking into consideration the structure & trend analysis, I believe that the market will reach 721.81 level soon. P.S Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all. Like and subscribe and comment my ideas if you enjoy them!