A lot has happened since the first "Ringing the bell" post on 9/30. Of course it is now obvious that the market has made a big turn, but it wasn't on 9/30 - unless you were looking at the big pivots SPX 2HS2, NDX 2HS1, Dow YS1 and IWM YS1. These all recovered on 9/30, held 10/1, then launched 10/2. Since then the market has powered through a lot of resistance for one of the best rallies in months.
Just a little over one week later, SPX has recovered YP 1963 / SPY 197.40; today NDX is just slightly above 2HP / QQQ 105.86, though perhaps not convincingly; DIA still is below the longer term YP / HP but at least above medium term Q4P and OctP; lastly IWM recovered YP today at 114.85 which is a big score considering this is the only main index that made a lower low in September compared to August.
On the same day, TLT rejected 2HP and broke both Q4P and OctP for a major bearish status change as well.
While many moving average buyers bought some as D20s cleared on 10/2 then added later this week as D50s cleared, pivot buyers were adding partial longs 9/30 & 10/1, then loaded up the boat on 10/2 and now have an easy ride. Usually pivot signals are sooner than moving averages for both entry and exit.
For ongoing free comments on SPX, be sure to check the SPX500 Free page.