The daily chart looks better, but there is still no change in longer term. The market is near 61.8% Fibo level, therefore as per Fibonacci theory and market downtrend we shall expect bounce back. On the other side the positive divergences suggest rally.
Nevertheless, those are just forecasts and we shall not rely on those. The primary trend favors downward direction and we should be away from market now.
US market rally seems to be rather suspicious to analysts (here).
Brian's daily video here.
Sources:
[http://www.marketwatch.com/news/story/Continuation-gains-warrants-limited-celebration/story.aspx?guid={083C4EA4-310C-4D89-A4C5-6ADD90B38455}]
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