[briansmith456]

Thanks Isa. Based on your read of the stock market do you see the market continuing to correct? I was thinking it has bottomed if not very close to bottom so if you see signs of market continuing in correction mode please let me know what you are looking at.
Regards,
Brian

The breadth indicators that I follow haven't had any short term buy signals, and the effective volume that splits the large and small player volume also hasn't shown any signs of large players coming back into the market yet, which is essential imo for a bottom to form. And the index chart pattern is showing a bear flag I believe. So I think there's potentially more downside yet imo. But I maybe wrong. But I'm remaining cash until there's at least some short term buy signals from the various breadth indicators I follow.

For me I am waiting for the $NASI to turn up (do a crossover) which will signify market bottom, just as in Dec (when most everyone was calling for generational market top) as we have divergence now too, just need to see the cross over. Actually hoping for the market to fall a bit more to get the same kind of divergence as last December and watch for the crossover in the $NASI. Now most everyone is also freaking out over a recession calling a market top so I think this market will see 3200+ on S+P. Very nice inverse head and shoulders setting up on larger timeframe too if we break over 3060.