Thurs was a 16:1 up day (advancing volume 16x declining volume). It was the 5th >10:1 up day since March, but the 1st that time there were 2 10:1 up days without a 10:1 down day in between. @NDR_Research 1/4

After 2nd 10:1 up day, $SPX has gained >2x its avg 1, 3, and 6 months later.
In our 4 step bottoming process, we said breadth thrusts could mean a jump to step 4. It doesn't mean a retest of some variety won't happen, but it increases odds that a cyclical low was made. 2/4

The rally since 3/23 has been stronger than the bounce off the 1987 crash. 3/4

The rally since 3/23 has been stronger than after any of the 13 previous waterfalls (last 5 on chart).
$DJIA's 26% is bigger than any bear market rally except in 1930.
This decline was bigger, so bounce should be bigger, but we are in rare territory for a bear market rally.4/4