CNBC Pro

Charts show stock sell-off not over and broader market could correct 10% or more

Traders work on the floor of the New York Stock Exchange (NYSE) on December 02, 2021 in New York City.
Spencer Platt | Getty Images

Wednesday's choppy action makes it clear the stock market has not hit bottom, and the S&P 500 could fall into a 10% or more correction before the sell-off is over, according to strategists who follow market charts.

More In Pro Insight

VIDEO10:18
CNBC ProMicron, JPMorgan, and Cleveland-Cliffs are some of today's stocks: Pro Market Movers July 1
CNBC ProThe IPO market is hibernating, waiting for the market to turn
watch now
VIDEO03:07
CNBC ProStrategist says these sectors may be 'first to lead us out of recession' — and names 4 stocks to buy the dip