Sharp rallies are common in bear markets.
As a basic rule the minimum seems a day and a bit.
In other words the US markets should at least move higher in early going tonight and then the fun begins.
I have no idea if we have seen an important low or not.
Certainly a few criteria were met but I would have loved to see a monthly close lower than where we are.
If we don't then I think the longer term outlook actually becomes more bearish.
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