$SPDN Quarter 3 (Q3) Analysis

I believe that SPDN will form a new all-time low in Q4 with a drop below $13.90. For those who are bearish on the S&P, I drew the key price targets on the way up for those who are long SPDN. For now the EMA ribbon is acting as an area of resistance and a red resistance line that intersects with the yellow resistance zone. These are short-term resistance levels to monitor.