SPY 4 Hour

I'm kind of use to seeing these charts and worse, but a member mentioned he saw this and was shocked at how bad this chart is, I say, "This is the tip of the iceberg", but since I am maybe out of touch from having seen this so often and don't realize how much it might mean to you or give you a better understanding of what kind of trouble this market is in (far beyond the media's -20% correction), here's the SPY 4 Hour chart.

That is a leading negative divergence, it is making a new leading negative low, most of the damage here was done in less than a month, I suspect it has a lot to do with the need to wrap up "Carry Positions".