SPY Analysis by @harmynder

The analysis identifies potential downside targets for SPY based on gap levels. The current price is around 588.50. The first target identified is near 581.10. The next target is located at 565.26 and the lowest target identified is at 531.54. The analysis suggests a bearish movement with downside risk to 531.54 level. The failure bound calculated if price moves above 590.00 would invalidate the analysis.