If today remains a strong bullish day, it would improve confidence that Tuesday was a bottom. Looking back at prior corrections (before QE) there were many times when we got similar improvements in internals (like Tuesday) only to watch the markets go lower. My technique of examining market internals on lower-lows to call a bottom works best on retests. The problem has been that during QE there often haven’t been retests. We need to see the S&P 500 strongly higher today to improve confidence that Tuesday actually was the bottom.
