Long term chart showing the previous highs before the last correction with a white line showing the expected best case bounce area. The volume on the bottom left shows when the turnaround happened there was clearly more buying in the big green bars than red bars selling. Right now we are still not seeing that so i do not think we have hit the bottom yet and i could see another 10% or slightly more downside. Now we wont know for sure on the index if it is back in an up trend and ready to buy until it crosses back above the moving average to be safe, but if we get to around 6000 i expect to look for certain high value single stocks like MSFT, HOOD, or COST, that are down higher from their peaks with more room for upside and less room for downside than the index. Feeling good about trading this year!