Potential SPY Downside

I think we can see some downside in the SPY for 4 reasons:

1) SMA 200 looks like it'll be a potentially tough resistance for price to break.
2) Price failed to close over a key resistance level (R2).
3) Another resistance level (R1) seems to be a potentially tough one to break.
4) RSI still high, however not technically overbought anymore.

Also, it's been a while since VIX has seen a big green day.

Rookie analysis that has little to no merit, but time will tell. Small SPXS position started just for fun.

Good luck to all in these hectic times!