Just so it doesn't seem like I'm not making bottom calls, I'm just trying to give you simple visual guide for where this may happen.
We are in a diagonal so watch the channel. We're getting close but have a bit to go. We can over shoot if this is the white.. A little less likely to over shoot if red. But the channel currently resides about $5200 and personally I'd love an overshoot to $4700. And, then we'll have to see if a corrective rally starts that is contained by the channel. If so, we will likely see another wave down. But we just saw a big stretch in some alts, so this may happen pretty fast.
I will never say THIS IS THE BOTTOM. The market always has to prove it out. But that's a very buyable zone if you are interested in adding. I'll call some swing trades sine the LT Portfolios are dry, but I won't until I see firm signs of an impulse.