What we're looking for to suggest a bottom is in!

Crashes occur when markets are already oversold so there could be more downside from here. One of the indicators we look at is the percentage of stocks above their 200 day moving average to determine if we've hit a short term bottom. As you can see in the chart we entered 2 lines where stocks could be considered extremely oversold. There isn't one indicator that can tell us when the market bottoms exactly but we can look at the overall number of stocks above their 200 dma as a good tell that a rally could be imminent. Let us know what you think.