If we end up pulling what happened after 1/24 this year a second time, we have a bit of choppiness to get through for a few days before we see a rally happen, which if so, would probably get squashed by FOMC (unlike if we went into it oversold). Like maybe the Nasdaq Composite tests 14200-14400 again soon and then legs down hard for one final leg.
This side became the side that mattered again in the Nasdaq back on 11/22/2021 IMO. Before then, the big guns were hiding a cracking base underneath. Since then, the mid and small cap growth carnage has been what has mattered.
If it can close a week above the late winter/spring ATHs from last year, then maybe -23% intraday was all that was needed. That's what I would watch.
I'm not overly wild about the way this day has begun though. Call it a hunch, but it looks like catch up mode by the Dow.
