SPDR S&P 500 (SPY)

[risk on]

Yes, bottomed, or bottoming. Could likely see more volatility this week, especially with CPI coming. But, if you look closer at the chart I posted, you can see that whenever weekly period has touched the tech lows pointed out, it has “ always , always …” ( Maverick of Wall Street meme) gone back to the upper Bollinger Band, over time ( several weeks to months ). I’m not saying it’s not possible we go below 400 first , but I think the probabilities ( based on historical points noted) show a strong move up eminent. Also, with the “Fed day “ up 3% Wednesday and Fail, any new moves up by SPY will cause many to sell at first chance , and then many to go short way too soon and could feel a summers worth of grinding pain; SPY takes no prisoners.