Blog Post: The decline in $SPY is small compared with those in 2000 and 2008, and the monthly stochastic is nowhere as oversold as occurred at major bottoms, see monthly chart

GMI0/6
GMI-23/9
T210822%

This is a monthly chart with a 25.4 and 25.4.4  stochastic. The 25.4 stochastic is currently at 39.04, but the 2003 and 2009 bottoms occurred  with readings below 20.  This down-trend actually appears minor compared with those declines and  may have a ways to go. Why try to guess a bottom or catch a falling knife when one can rest calmly on the sidelines? This chart shows that there are years to ride the new bull after a new up-trend has been established.

The GMi is back to 0 (of 6) and on a RED signal.

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