Firstly a comparison between the XJO and XSO. The XSO has been relatively bullish for quite some time so false signals are (always) a risk, however there is a very clear divergence present over the last couple of months.
Next the SPX...
NAAIM sentiment can go lower but is at a level that has marked previous lows. The survey is done each Wednesday so a sharp drop this week would potentially coincide with a more appropriate sentiment reading.
AAII sentiment is similar to NAAIM in that it is not at extreme levels, but it does suggest that the market is nearer to a low than a high.
The equity put/call ratio is similarly could go higher but is at a level that marked the February low.
Bullish percent is the least useful of the indicators at the moment.
The cumulative NYAD is unequivocal to my eye and suggests new highs in the future.
The 20ema of the same data paints a similar bullish story.
And the NYSI (my favourite) has a nice bullish divergence in place. It will also be nice if the index can make a quick dive down to print a lower low.
Lastly the RUT:SPX ratio. Given all of the positive breadth shown above you would expect to see relative strength in the RUT and that is indeed the case.
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