Good guess. I think your guess is too pessimistic unless the market makes a 15% to 20% correction which is entirely possible. The general market is probably fairly price but there are pockets of value that will increasingly attract investors.
Today is Golden Cross day. The 50-day moving average is crossing above the 200-day moving average. In addition to the 3 recent upgrades/target raisings, this will send a signal to chartists. As a group, they will be watching share price movement to see if there is an entry signal. They do not try to peg the bottom.