SPY Analysis - Sep22 month end below 370

SPY to extend downtrend and is tracking to below 370 levels by Sep22 month-end
DYOR; this is a point of view as I dislike the hedging of both bull/bear narratives -
e.g., bulls have a "chance" to hold and 75bps "may" already be priced in

SPY Chart:

• Downward channels (yellow) have rejected 410 resistance/SZ (purple)
  
• Prediction (blue bars) mirrors Aug16th - Sep7th range into the future (post-Sep16) = prediction to sub-362 level (med to low likelihood) and at least below 370 (high likelihood)
  
• The aforementioned prediction tracks well to yellow channel from Aug7th high and also in range to traditional Jun high yellow channel
  
• Fear/Greed index is 36 and tracking downwards to at least early July lows
  

Notes:

• Participation: 9/19 Low | 9/21 Moderate re: FOMC | 9/23 Moderate | 9/26 Low | 9/28 Low
  
• Participation: 9/30 Very high ; Levels: 390 ++ / 385 +++ / 370 +++ / 350 ++
  
• Key level on SPX: If it breaks below 3588 - it is going lower
  

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Action: SPY Puts @370 Sep30 expiry (~2X ROI) or put spread 370/365 for more risk (4X+ ROI)
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-Welcome feedback and comments!