For a bear market, at least according to my systems, the bottom lacked the capitulation and long-term oversoldness I would expect to see at a major bottom. Although not all bottoms show that, so who knows.
I have several systems and this is only one of the positions I hold (short QQQ). I will certainly adapt if the market proves otherwise, but I'm still short QQQ, until proven incorrect or until we get the capitulation I was looking for last month.
Personally, I'd love a good 50-60% decline of the S&P, in general. It would open up the possibility of great long-term gains in the decade ahead. This ~25% fall doesn't feel like a huge bull market could emerge from it as we have gone near vertical up for over a decade (except for a few weeks in 2020 obviously).
I agree.