The market internals are already signaling that a long term bottom has been completed.
At some point we will get a corrective move. When we do, it will clear the overbought conditions and the market will then be set up to test the all-time highs in May.
The NYA summation index is making higher highs for the first time in 3 years.
The bullish percent index is making higher highs for the first time in 3 years.
And, the advance decline line is making higher highs and on the verge of breaking out to new all-time highs.
