SPY 60-min 200sma acted as support on the 1st large pullback today following the market open
Feb. 2nd was the prior chart event that price first violated the 200sma when the early February price decline kicked off, and SPY has resided below the 60-min 200sma since February 2nd .. until today, Monday February 26, 2018
SPY 60-min:
* at this moment, SPY is above its 200sma RSP is not above its 200sma ( see lower on this chart )