Interesting to see that the S&P 500, which has already dropped to its 200-day MA for the first time in nearly 2 years, is nowhere near pinching yet. There is a whole lot more pain in store before the broader market becomes a compelling pincher buy: https://stockcharts.com/h-sc/ui?s=%24SPX&p=D&yr=1&mn=0&dy=0&id=p71901014584