When the market moves down as it has been doing the key for finding the bottom is watching for the development of positive divergence. On Thursday, this divergence started appearing in the RSI and MACD indicators on the 15 minute charts and is now showing up on the 60 minute charts. This is signaling a change in the mood of the market. Although the market can continue to move down under these conditions, the balance of power between the bulls and bears is shifting toward the bulls. This doesn't suggest "the bottom" is in but another short term rally is on the horizon.