The U.S. stock market has struggled to find its footing so far in 2016, but DeMark Analytics founder Tom DeMark believes that things will get much uglier in March. DeMark is now calling for the S&P to drop 8-10 percent from current levels in the short-term, down to around 1,786.

DeMark currently has a high level of confidence that his prediction will play out in coming weeks. “I’m pretty confident even though 90 percent of the stock market has already bottomed,” he said.

Unfortunately for bulls, several of DeMark’s recent calls have…

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