It's incredibly difficult to predict such things, especially in terms of the timeline.
This development could take longer, well into the next year. I am very curious how it plays out.
Plan for an Educational Trade (with play money ;-)):
Buy at the bottom at around 6220 (probably tomorrow)
Despite the Fed's recent pledge to "stay patient" about future rate hikes, which has helped the stocks prices up recently, we remain firm in our bearish assessment of the overall market situation.
We believe it was a flash in the pan. We stand by our bearish view. We do believe, the fall is coming. One last pull-up yet ... Just one more week ...