The Picture is Pretty Clear on Equities

This chart speaks volumes about the health and condition of the equity markets.

The Red Line on the Bottom Represents the Small Speculators (Usually Wrong Crowd) and when that line is at or near the bottom end of the range as it is now it indicates very heavy selling by the not so savvy money. This is a very bullish signal and if you look back on this chart you can see what the S&P 500 has done each and every time the red line has gotten at or close to the lower end of the range.

Now, take a look at the Blue Line. This represents the Commercial Traders ( Smart Money)
As the not so swift money was selling like crazy, the smart money was snapping it up as fast as it came at them. Another very Bullish Indication.

Take into consideration how quickly this all happened and not even a 7% correction and you have a very healthy market and one that still has a bunch of upside left in it.

I will be devoting an entire Educational Module to the C.O.T. data and its very powerful.