I give abt 50/50 odds that this correction is finished. So I do not know if we are still in the correction, in a sideways market, or in a new uptrend.
We have had ~ 10% correction, I was expecting a 10-40% one.
For the US mkt, IBD has not signaled a follow-thru-day, though they note signs of stocks building bases and the market showing strength. Volume still not conclusive. Once they signal a follow thru day, I put it at a 60-70% chance the correction is over.
If I wait until I'm 100% sure, there'll be no money left on the table.
Michael Kitces and I cover everything
2 hours ago