Update: 9:30PM: Oil. In general, oil can often turn down ahead of equities.
Primary count is that an [x] wave triangle which connects a double zigzag Minor 2.
Sentiment has corrected quite nicely as predicted for Minor 2. The current Investor's Intelligence bull/bear ratio is 56% from a low of about 42% at the October low. AAII bull ratio 64% which is approaching a 2011 high. Bears are at 25% which is near a 2011 low. Doesn't mean the market will turn down right away, but its delightfully in line with what was expected to occur on Minor 2 up.
Looking at a myriad of other Intermediate term sentiment indicators I watch daily also show the same bullish rebound. There is a bit of room to run higher on some, but they all have adequately rebounded.
SPY volume is the lowest in about 4 months. We still cannot rule out that a wave (ii) is merely finishing up in some kind of upward flat.