The stock market has *likely* bottomed

Today the stock market likely bottomed. Risk reward heavily favors the upside.

Green dots on the chart below represent buy signals on the S&P500. The signal is a proprietary calculation that evaluates the volatility of all 505 S&P500 companies and then puts out a standardized score based on those volatilities. The signals have been historically very strong at catching short to intermediate term bottoms.

Furthermore,

The potential bottom is further supported by rampant bearishness as indicated by the stocktwits sentiment (near or at February lows)

and by CNN's fear and greed index.

That's all for now,

Publiclunch