SPX: A tactical low at 1073 last week could well be important low for year end run

Early August, we first hit 1100 low on S & P 500. Yesterday, we hit 1074 intraday low which qualifies for a lower low.

Two evidences that point to possible important tactical low:

One:
Distance from 10 month MA in Mar 2008 = 197 points
Distance from 10 month MA at intraday low yesterday = 192.

Two:
More importantly, I compared the various market internals levels hit yesterday with Aug’s numbers. We have a 6 out of 7 showing bullish divergence signals. Means to say market breadth is not as bad as compared to Aug 1100 low. This is an important clue to suggest we may have hit the tactical low this quarter for my year end run?