Leftover Selling

My system has moved lower to -1150 and the sell signal is still on. The only index in my system near an all-time extreme is the S&P 600 which had its 6th worst reading ever today. A big rally day is coming soon and will likely coincide with end of the month activity. The problem for the bulls right now is that most indices are nearing but not at extremes. For example, there are 16 stocks in an uptrend in the Nasdaq 100 right now but the all time low reading is 10 stocks in an uptrend. The time it takes to go from 16 to 10 is approximately 1 to 5 trading days and depends on how quickly the market wants to get there, right now it looks like it wants to get there fairly quick which is why the market could get its first big rally this week rather than next week but we'll see.