I strongly advise not trying to pick a bottom in the stock market right now. The market is trying to move down into the 7 year cycle low. There is risk this could evolve into an 87 style crash event. Don’t try to be a hero and risk getting caught in that if it were to happen.

Based on the rather tame sentiment levels and only modest oversold conditions I expect we still have 2-3 more weeks before the final intermediate cycle bottom.

Here is a technique for confirming an intermediate cycle bottom.

I think the 7 year cycle low still has unfinished business. One way or another, either through a normal stair stepping down correction, or a market crash if the government continues to intervene in the markets, stocks still need to fall further before the next leg of the bull market can begin.