The technical damage done to the bear market rally this week was profound. The market is now guilty until proven innocent, and that means a strong sustained rally back up into the formations.
"Seneca had made the bargain that many good men have made when agreeing to aid bad regimes. Their presence strengthens the regime and helps it endure. But their moral influence may also improve the regime's behavior or save the lives of its enemies. For many, this has been a bargain worth making, even if it has cost them their immortal soul. The Rome he has been trained to serve, of Augustus and Germanicus, was gone. In its place stood Neropolis, ruled by a megalomaniac brat.” James Romm