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Several setups suggest that E-mini S&P 500 Index March 2016 Futures might have reached a bottom and could be ready to reverse.

Volume Spread Analysis

Looking at patterns, we can see a noticeable hammer on a support which, according to the Volume Spread Analysis, can be defined as a 'stopping volume' bar. This is a very strong VSA signal.

standard and poors index futures stopping volume vsa trading for purpose

New lows extreme level

If we look at the chart showing the NYSE 'new lows', we can see that the peaks (at three different levels) coincide with the Index turning points.
Currently the 'new lows' are at a top level and this is another hint of a possible reversal.

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Total volume

Also the NYSE 'total volume' is a valuable indicator to assess the trend of E-mini S&P 500 Index Futures: when there are extreme volume peaks, we can often expect a market reversal.
This situation occurred several times in the past, as we can see from this chart, and it's arising once again right now. 

standard and poors index futures composite total volume trading for purpose

Three very pronounced setups that lead us to enter long.
According to the Fibonacci Retracements, we can presume three possible targets: 1908 or 1940 or even 1970.
Remember: this is not a trade solicitation and, if you decide to trade, you do it at your own responsibility.

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