SPY SPY is not in a good shape in the week of the quadruple witching day. Key levels, in my opinion, to look ahead: 1) EMA cloud zone support at 293 (if it breaks 293 then a trend reversal is confirmed and spy will head lower); 2) 0.618 fib-retracement at 283; 3) VMAP since the bottom in March at 278; 4) Prior (April and May) support lever at 276.