I forgot to post this chart Tuesday night. I tell my students to buy a little of SPY when T2108 declines below 10% and to hold their noses. It actually got below 4%. It is now 11%. I should have followed by own rule. We need a retest to see if this bottom holds. Bear market bounces can be seductive and treacherous. The 1987 crash low for T2108 was 0.47%.
Seems every time it hits below 4, there would be a strong bounce on following month.