The spy $400 retail trap. E-MINI S&P 500 FUTURES (CONTINUOUS: CURRENT CONTRACT IN FRONT) CME_MINI:ES1! Eloquent everyone is expecting spy to hit $400 this week, but... we're approaching a very important algorithmic target at 397, expect some strong volatility in the days ahead. max pains on 2/19: $SPY = $380 $QQQ = $320 $IWM = $216 proceed with total caution, and don't fall for the retail trap.