Courtesy of Sentimentrader, one of my favorite resources out there. This table captures what has happened historically when we see a sharp, major shift in price from lows to highs. It has a 100% bullish outcome over 1 mo period. I have looked at this pretty carefully and feel hard pressed to push intermediate term shorts now. The last 2 weeks have brought out the possibility that we are seeing a long term trend change and that the past year was just consolidation.
VIX near its zone of 12 where we have seen equities pullback.
Previous long term negative divergences 15 years ago set up a bear market.