[pcabc]

S&P500 v Russell 3000

A strengthening in price [1] and also breadth over the last few days.  However, if this is a bottom then:
1. Resistance at about 4125 needs to be broken through.
2. The falling resistance trend line needs to be broken through.

The various McClellan momentum and ossiclator plots are rising [7-10] and the % stocks above their 20 day EMAs has spiked t 70%.    The Weinstein Momentum and 1% A/D have also turned up but are below zero [5 & 6].  The Silver Cross Index has flattened and is just below 30% but the Gold Cross Index is still falling below its 20 day EMA [14 & 15].  So it seems there is a definite shorter term increase in strength, but longer term it is still weak, this could be a bull trap rather than a bottom. I suspect we are seeing a re-run of the mid March rally.