SPY: Key sigma levels plotted using previous breaches of downside breach. Linear regression analysis applied with a Pearsons correlation coefficient of 0.98257 alongside plots of key values of moving averages are also noted. 4.25 sigma level confluence with price action are identified via ellipse for projection of current/future continuation. If support is established, price action can find stability in the lower level of this new channel, using 20MA as a metric for reversion to the mean in the future.