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

Markets are bracing for a 'Powell recession' that could be coming soon
CNBC ProMarkets are bracing for a 'Powell recession' that could be coming soon
Ned Davis Research sees the S&P 500 ending 2023 higher at 4300 after a possible rough start due to recession
CNBC ProNed Davis Research sees the S&P 500 ending 2023 higher at 4300 after a possible rough start due to recession
Crypto winners and losers from the FTX fallout, according to Bernstein
CNBC ProCrypto winners and losers from the FTX fallout, according to Bernstein