I’m not clear on those numbers as I show a low of 258.70 (or 258.72 on one source I checked) on SPY (which I assume was the 2587 that you listed) with $SPX bottoming at 2,503.97 but the exact numbers are a moot point. By the charting platforms that I looked at, both the S&P 500 & the Nasdaq 100 closed slightly below Tuesday’s lows. Keep in mind that as I mentioned in the recent videos when stating that sharp selloffs in the market are often followed with a second test of the initial low, sometimes the 2nd test of the initial low falls just shy before reversing & sometimes (more often, it seems to me) the subsequent test of that low slightly undercuts it.

What makes this time different from most of the similar sharp corrections in recent years is that these two lows this week are flirting with critical support, the primary uptrend lines in both SPY & QQQ. Although anything is possibly, the ideal scenario to keep this bull market alive & well would be a stick-save with the markets closing solidly back above those primary uptrend lines tomorrow (which will complete this week’s weekly candlestick).

Also worth noting is that the S&P 500 closed right above the key 40-week EMA today, which is the same as the 200-day exponential moving average with the 40-week/200-day SMA just below that.