The expected short-term low looks to be in place and the outlook (days/weeks) is positive for US equity indices.

Short-Term (days/weeks) : positive
The S&P 500 and key US equity indices were all higher last week, turning up at
trend support from the March 2023 low (DJIA, Nasdaq 100 and S&P 500).
At the close on Friday, the DJIA and S&P 500 were both still below next price
resistance levels; the Nasdaq 100 and Nasdaq Composite were both testing
resistance.
Daily OB/OS momentum indicators ranged from neutral (DJIA) to modestly
overbought (S&P 500) to moderately overbought (Nasdaq 100 and Nasdaq
Composite).
The expected short-term low looks to be in place and the outlook (days/weeks) is
positive for US equity indices.
DJIA/Pre-Election Year and NYSE ITI analogs (peaks in the 70% range) still
look relevant, suggested a low around now, near current prices for the DJIA/S&P
500 and point to strength to late April at a minimum (analog charts, pages 2-3).
See Daily OB/OS Charts, attached.
Intermediate-Term (weeks/months): positive
US intermediate indicators of breadth and momentum were mixed week-on-week
at the close on Thursday:
 NYSE and Nasdaq Composite Intermediate Term Indicators and Money Flow
of the Average NYSE Stock fell,
 Nasdaq 100 Intermediate Term Indicator and Percentage of S&P 500 Groups
with Positive Money Flow were higher.
US equity indices were higher or unchanged week-on-week at the close on
Thursday: the Nasdaq 100 and Nasdaq Composite both improved and are both
well below next price resistance while the DJIA fell again and is well above next
price support.
See Weekly Charts, attached.
Analogs of the DJIA and NYSE ITI and the Pre Election Year cycle suggest that
the intermediate trend for US equities remains positive: see charts, pages 2-3.
Key Takeaway : the inter mediate outlook (weeks/months) for US equities
remains positive.