when the trend will change? There are many indications of a change in trend... notice first that we took out lows of September, then we made a new weekly high on the NDX? then we took out lows again. That means double bottom, a real double bottom. I'm not saying new bull market. I'm just saying the trend just changed on the weekly chart. If you want to wait for confirmation go ahead. But as a pivot trader, I catch knives for a living and I know when it gets tossed up whether i will be able to catch it. And by golly i'm 100% sure i caught it this week, this day.
The Last Friday lows (14/06/02) have been retested and Market is now due for a nice upturn foing into summer rally. Buying some options would not be a bad idea. However keep some puts for protection in case we are wrong.
There's no such thing as "100% sure" in the market ... otherwise, it wouldn't have been called a market ...
Do not panic. Women and longs first. Stay short. Too many looking for bottom. Sell the rallies. Don't go home ove the weekend long. Risk reward of it is terrible. Mid east could blow at any minute, terrorism on US soil "not if but when" etc...