The LMP Indicator at this time is not giving any clue that this 'correction' is over... even if tomorrow we see greens in the major indices.
However, compared with the rather 'grim appearance' of the markets and the downmove, the LMP Indicator does not point to any serious market set back at this point. Only that the internals have given a mild warning as of today.
It should be noted that there are a lot of bears out there who see this as an 'opportunity' to sell short into what they see as a very negative trend reversal in a negative economic environment... not just a 'correction'. Simply, that is not known at this time based on market internals... but no work is required in following negative news, as always.
We shall know more as the situation clears.
News 
Market Data 
Discover 
AI
