Right in the midst of it still
No reason to believe in a interim bottom is in
As the title points out, there’s no reason to believe we are at an interim bottom yet. Yesterday we again recorded over 4% new highs, and the 20 day average range on SP500 cash is still over 2%, classic selloff profile.
Volume yesterday was perfectly NORMAL - this won’t be the case at the bottom of this drop.
VIX futures F4-F7 is still POSITIVE (unbelieva…