Bit of technical positive divergence may help equities indices bounce near-term

The hint of positive divergence in the McClellan Oscillator ($NAMO and $NYMO charts below) at my UBTNB3 site recently, has grown a bit more as you can see in the charts below. It's even shown in the StochRSI indicator as applied to the oscillator. I don't want to over-promise, because positive divergence can persist a bit longer (or worse, get erased). But for now, it's an early indicator that the equities indices may be readying for a turn, perhaps a better turn or bounce than we've yet seen on the drop from SPX 1150.