Some of my readers will recognize my previous work from the Reversion to the Unified Mean (RUM) Wave blog. I wrote it in relative anonymity for a couple years. That work can now be found here.
The needles on the dashboard are all moving toward the green areas, but they are not yet signaling a solid entry point. Interestingly, in the charts below you will see that the SPY showed a little strength, but the IWM (small caps) showed continued weakness. The math behind RUM Wave heavily considers small cap movements, usually as foreshadowing events to the larger cap indexes.