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$SPY levels and scenarios

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SPDR S&P 500 ETF TRUST (AMEX:SPY)  
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AMEX:SPY   SPDR S&P 500 ETF TRUST
Trend Analysis Technical Indicators SPDR S&P 500 ETF (SPY) volumeshelf bearmarket selloff 200weekly
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trendanalysis indicator spy volumeshelf bearmarket selloff 200weekly
The last weeks in the markets looked ugly. If SPY is unable to hold this level (375) we are looking at LOY 363, and then 200 weekly MA around 350 or the end of this volume vacuum around 330. All plausible. Question when buying PUTS its only "when"?
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