I'm seeing major positive divergences in the indexes. Here is the S&P: http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=3&dy=0&id=p31499194469&a=151197522 (attached in the post below) MACD, RSI, Williams %R, and Force Index all have major divergences. Furthermore I can't believe the overnight move we're seeing. -4.81% as I write this. It seems to me the selling pressure has let up. Looking at a 60 minute chart we see that the majority of the volume is on the buying side. To me this is positive for the moment.