Probability is very high that 2019 the market will be up . That is how markets work. It might take time to bottom but such extremely negative breadth historically has resolved in bull moves.
First phase of the move is always beaten stocks making bottom bounce. Especially if they are part of Index component. That is logical as indexes can not bounce unless component stocks bounce.
Many of these bounces are very explosive , with stocks making 20 to 25% moves in 3 to 5 days.
After the dust settles down a bit then later after few weeks the momentum stocks start breaking out.
Our job as traders is to exploit this opportunity.
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