SPX Midas Weely

Here's a MIDAS chart on weekly S&P 500 (^GSPC) data.  As the market plunged couple weeks back, piercing through all support levels like a hot knife through butter,  this method (specifically a parallel offset from 2002 low of Midas S/R curve from the 2000 high) would have shown us where to anticipate the carnage to end... at least temporarily.   All I can say is WOW... this market feels like the end .