SPY $233 support breached, $200 next

If we take a look at the last 10 years or so, we can see the long-term support line was breached at $233 today. The likely next target is $200, which coincides with 0.5 fib retracement.

$200 could be a major bottom and a buying opportunity (do your own research, this is not investment advice, just my thoughts).