Is this the bottom?

Are we there yet?

We, and probably many of you, are looking for signs of an interim oversold capitulation bottom for a trade. There are however few signs right now to support such a trade. Very seldom (never) do you get an "all-clear" signal, but right now we are far too off in our tactical model to put a long trade on. These things of course change in real time so next week might be a different story. Let's go over what we are looking at right now and why we are not going long just yet.

This is no signal