DBsCharts

DBsCharts

AMEX:SPY is at a pretty interesting spot here—right around the same level we saw during the last two major drops over the past 5 years. Both of those times, price either held or quickly bounced off the weekly 200 EMA, and RSI was oversold. Could there be more downside? Sure. But if I were someone looking to start positioning near a potential bottom—or at least...