SPY is far from dumping, here's why!

So I created 2 indicators. With it, I'm able to visualize deep and technically scarring a sell-offs. One has 5 layers, of which the top most layer is the easiest to turn red. A sudden crash in prices will penetrate all 5 layers at the onset. A slight pullback or "dip" will only color the top 2/3 layers. Although the selling in the past few weeks have been brutal, they have so far only gone as deep as the first two layers. I have yet to see signs of an immediate market crisis. The other indicator is basically an output of the same information; just visualized differently. The benefit of this second indicator is that market crashes can be seen a mile away. Let me demonstrate.

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This is what the indicators show before a market melt

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the same type of pattern appeared on the SPY chart before it melted in FEB

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What the indicators saw during recent selling on SPY

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here is one from this morning. That being said, the SPY chart isn't giving off bad vibes yet. I will update as news develops.

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Another very useful advantage is the ability to buy dips. When all the red is out; you can basically buy the dip without catching knives.