The important fundamental 38 day cycle has just bottomed, and that almost always coincides with an intermediate advance. During a longer term bull market, that advance will last between 4-6 weeks and can add 10-20% gains.
Here's a list of the important signs we follow, that validate an intermediate advance has begun:
INTERMEDIATE LOW REACHED
SPX, Dow, NASDAQ break above centerline of price channel
Fundamental frequency (38 day) cycle has bottomed / rising
Index easily exceeeds 5/10 DMA
Volume previously spiked on selling climax
Forecast chart shhort term/momentum cycles bottomed
Shrinking numbersnew lows
Rising intermediate cycle
Indices have move out of red zone
As of Friday 2/7/2014, most of those conditions are already met, and the rise we are trading should continue to break above resistance over the next 4 weeks.