No. of Recommendations: 1
"what are some signals or indicators you’d be looking at to tell whether the downturn might have bottomed?"
rvt: "Generally, The current price of S&P500 going above the 43 week SMA."
...
"In this specific circumstance, when the situation in IRAQ is over."
Maybe Monday 3/30/2026 was the bottom. (???? Maybe so, maybe not.)
Looks to me that the main trigger for this recent drop was the Iran situation. Down on not-so-good news, up up up on good news.
The Dow doesn't go up 1100 points in a day for no reason. It is straining at the leash.
Looks to me that the market wants to go up but Iran is weighing it down. BWDIK?
Just looking at the price action, this reminds me of what happened several years ago, I think in an October(?), we were on a long cruise. I looked at the news (NYT web site was free access on the cruise) and said to myself, "That's it. This is the bottom." We got off the cruise a couple of weeks later and sure enough, that was the bottom.
