The balance of up trending stocks, moving up on above average volume, compared to down trending stocks, moving down on above average volume, was higher by the close on Tuesday. Thus, the SSRatio rose to positive, up 0.10 to +0.13 favoring buying, the estimate of market risk drops to low. But......consider.....
Frankly, I was surprised, it is a technical number that doesn't include event risk. On the other hand, it does represent an improvement in the markets internals that has proven itself to change when the market's momentum reverses. Due to the chance that this is a whipsaw, I suggest waiting a day or two before increasing exposure to the long side of the stock market.
Sam