Just looking at things, the S&P has only been 13% below its 200 dma about 4 times since 2003 Once was on 5/12 this year. Obviously it dropped to about 17% below by 6/16. Other than that, every time it was 13% below, it went way lower. We're about 13% below now. Others were covid 2020 (short lived) 2016, 2008 Here's 2008 and today