In search of a market bottom

Mid-week market update: After two consecutive days where the market was down over 3%, I am seeing numerous statistical studies that suggest either an imminent oversold bounce, or a sentiment washout. One example is this analysis from Nomura, as published by Marketwatch.

Has the sell-off bottomed?

Subscribers received an email alert last night outlining the short-term outlook, and I would also like to introduce my "Ultimate Intermediate Bottom Spotting Model", which showed an uncanny accuracy rate of 86% in the last 15 years.

The full post can be found here.