The VPCI V Bottom triggered at the end of January has now run full course, meaning the capitulation bounce move is now hindsight. Both Capital Weighted Volume and Dollar Volume were down for the week ending April 14th. Both Capital Weighted Volume and Capital Weighted Dollar Volume are at support. For the market to be considered in correction phase as opposed to an outright bear market, support from both of these prior capital flow levels must hold above the 1% threshold.

Updated: 4/18/2022

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