Both the equity only put call ratio and the VIX are confirming the uptrend. I would have preferred to see the PPO of the EPCR fall to the deeply oversold area around -20 as it did in May 2010, but the recent low around -17 matches the lows of other pullbacks since the cyclical bull market rally began. Now the PPO of the EPCR has broken out above its recent downtrend line, which is a fairly convincing confirmation that the correction is over. The rally should continue until the PPO reaches +15 to +20.
If the T calculations are correct at Terry Laundry's T Theory the rally should last until at least the end of May to the end of June.