The CCM Market Models have shown some meaningful improvement in the last two weeks. The levels on the left side of the table below represent the low-end of bullish territory. Thus far, only the 80-20 Correction Index has pushed back into bull mode, but the other models are making progress.
Market breadth speaks to the percentage of stocks participating in a rally. The Summation Index, shown below, is an intermediate-term measure of market breadth. The recent turn higher looks similar to the period near the October 2011 low (compare green boxes). The S&P 500 remained volatile (orange box), but eventually pushed higher.