In the graph below, you can see that the SPY is sitting just on top of it's last support level from Dec'19 ("Support 3").
If the SPY breaks Support 3, there is not another one until way, way down (like near a real "Bottom").
- all of the MIPS models (except MIPS1) are "Short", so we are not worried, yet !!!
Paul Distefano, PhD
MIS Timing Systems, LLC