February 28th - Closer Look

The market is in a very oversold condition , but it doesn't mean that it can't go lower.
Testing the NOV 2002 lows at 70 is possible or even lower.
If in some ways, the 74 zone hold , then we can call it a temporary bottom.
It doesn't mean that it will be the bottom of this bear market, calling a final bottom can be done a long time after the event .