This is the current situation of the SPY. In the last massive sell off, two rising wedges in daily and weekly time frames were broken. Price also broke out two weekly demand zones. When it touched the third one, price spiked all the way up to the prior demand zone. Price found resistance on it. This could mean that second demand zone will be a new supply zone. More volatility ahead. TLT:SPY ratio closed above 50 month MA. This may suggest that SPY price will decline even more in the following weeks.