Yes, there are signs of market bottoming base on both price action and macroeconomic factors.

Tailwinds

1) FED

FED generally have been hawkish since start of this year with aggressive rate hike comments. However recent comments have been tone down with a more dovish approach possibly signaling lower rate hike and slower rate hike. Why? This brings to the next question - inflation

2) Inflation

Inflation had so far been 1 of the main catalyst for the recent bear. However we all know that oil and gas and other commodities had came down from their high since June possible signs of inflation had peaked. While we can make excuse that the Russia Ukraine conflict is still ongoing however the chart don't lie.

3) Big tech earning release

The big tech recent earning release had not met analysts expectations however despite the poor results share price did not fall further. It simply imply that business had slow down however still growing which is positive for the economy.

While things are looking good so far, there are also possibilities that market could reverse and head down further. Anything is possible.

Headwinds

1) Trade War version 2?

China and US relationship hasn't been great for some years now. The threat of China becoming the number 1 economy is undeniable fact. We already seen trade war back in 2018. 

Nancy Pelosi's recent visit to Taiwan incur the wrath of China. So do we expect trade war version 2 soon?

2) Cryptocurrencies 

While crypto currencies looks to be recovering from their recent drop, could there be another wave down to take out short term bulls? Crypto these days move in tandem with stock markets and any sharp move could spill over to the stock market.

Conclusion 

Let's hope the bull have legs this time round so we can huat and end this year in green  [LOL]