Has the S&P 500 Hit Bottom?

The video discusses the recent performance of the S&P 500, highlighting a 1% drop over the past week and a 6.2% decline since September 18th. It explains the significance of the 200-day moving average, noting that the S&P 500 has fallen below this level, which is historically a bearish signal. The video also covers historical trends, indicating that stocks have dropped below the 200-day moving average 19 times since 1971, typically leading to a further 2.2% decline. However, Fundstrat suggests a bullish outlook, as the market often bottoms out 10 days after the initial breach. The relative strength index is also discussed, showing the S&P 500 is no longer oversold.

According to Fundstrat, what is the median time frame for a market bottom after an initial breach of the 200-day moving average?

What does the relative strength index indicate about the S&P 500's market condition?