Despite strength in the USA small caps, which definitely gave a big boost to the market, these other two institutional indexes are not close to recovering the long term pivots levels. That is a bearish point.
NYA W still well under YP / 1HP combo.
Here's the daily view; check the drop under the FebP, then low on FebS1, then up to the pivot, shuffle, then up.
ACWI weekly looks similar to NYA, although the lows of the year bang on YS1.