Above is a monthly chart (click to make larger) of the NYSE composite. I drew fibs from the 1991 bottom to the most recent top for your viewing pleasure. Earnings season continues to offer a mixed bag with JNJ missing yesterday redeemed by INTC and JPM--both of which are offering some turbo charge to the futures.
I'm still of the mind that we've not had a constructive bottom. For those concerned about volume, the volume bars are still higher (ignore the last one as we are in a 1/2 month), post crash than pre crash.
Anyway, the big picture is always interesting to view; and we are undeniably at an important juncture. Ultimately, liquidity and emotion trump technicals--to important technical junctures (however one defines them) fail. If they didn't then you'd have a printing press, and nothing is so easy as that.