End of day … the market is super ‘oversold’ … which means all indicators are showing that we should be seeing a bottom now … BUT …
With that said … the buying strength is not picking up as of yet.
SO … what I am trying to say is that we are close to a bottom, but could still be a few days off.
My guess is that the major indexes are going to go all the way down to their 200 day moving average and then bounce up (hard) from there. Hopefully we don’t have that far to go, but I along with everyone else is scratching their heads why the market hasn’t picked up by now.