The index closed yesterday at 5396.52 breaking thru the previous low of 5521. And looking at some of the other technicals, there is no way a bottom has been established.
Outside of a rarely occurring V bottom, it sure looks like more of what we’ve been experiencing.
Hope all the buy and hold investors are not overly exposed, and to the short term traders that are savvy enough, good luck.
I see this as more of a recession market that got kicked into high gear with the tariffs. A 2007/8 recession that takes a year and half to recover. No V recovery here.