Bullish Divergences

I just updated my public chart page on StockCharts.com. I highlighted a number of developing bullish divergences in the advancing issues numbers and in the number of S&P issues trading above their 50 and 200 day moving averages.  All of these are at higher levels than they were at the July 15 low point while the averages have fallen below those lows.

I don't think these indications are actionable just yet.  I first would like to see a short term bullish divergence develop in the 5 day moving average of the advancing issues numbers and in the daily numbers themselves.