It's almost a year since the sh1t hit the fan as far as the SP is concerned, even very very simple TA would have exited this, like really simple stuff maybe acting on a moving average breakdown. No need even for any macro economics or company fundamentals to confuse things, this screamed GET OUT ages ago. The 200DMA is a safer indicator for the conservative who don't like acting too hastily on SP movements. They'd be gone too, some time ago.