SPY supports and target

SPY has seen an uptrend on decreasing volume and now showing a divergence from the recent top June 11th. A head and shoulders top can be seen with the right shoulder developing now... I don't think this is a higher low forming because I see a MACD divergence and decreasing volume.

There is still a boatload of psychological support with the 200-d MA at 90.60 and the 50-d MA at 89.94. The next horizontal support is at 88-ish, and that is also the target of the head and shoulders resolution.