Below is a snapshot of the S&P 500 (SPY) ETF using our Security Analysis tool.  Our proprietary Trend algo now rates SPY as being in an “uptrend,” and from a timing perspective it gets rated as “neutral.”

Note that SPY is still a little more than 1% away from its prior all-time high reached last September.

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While SPY is still more than 1% away from new highs, the S&P 500 Total Return index, which includes dividends, is now just 0.10% away from eclipsing its prior high.  At this point, US equities have effectively re-gained their Q4 2018 losses.  Now investors just need to give stocks one last push to get the major indices above this last resistance level.