Hi Dewey,
Once it gets back over that median line you'll be dancing in tall cotton. This is a 7 year pattern starting from the low April 2020 low.
Any pull back below that pivot near the 23% line on a closing basis would not be good...it would be a trend changer.
I would think the worse here would be a 19% pullback, but thinking 14% would be all we get...
Sp!ke