The rally off the textbook Tweezer Bottom (purple circle) is huge from under 9K to 10.2K, +15%, in only seven weeks time. Price is testing both the 40-week MA and the upper trend line on the downward-sloping long-term channel. The indicators are long and strong pointing to matching and higher highs in price after any pull back occurs on the weekly basis. Note that the MACD line was not happy with the February bottom; it wanted to see another matching or lower low in price under 9K so that may have to be revisited in the future.
Watch the NYA 40-week MA at 10158 like a hawk; it will tell you a lot about market direction ahead. Each day that the NYA is above 10158 is another nail in the bear's coffin but if NYA drops under 10158, the bears will spring to life and take the stock market lower. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here. Consult your financial advisor before making any investment decision.
Note Added 11:07 AM: The bulls are in control with NYA up to 10267.