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.
"You are the very cause of your ignorance, yourselves. You put away the light, yourselves; you first pluck out both your own eyes, yourselves; and after that other men’s too, so that the blind may lead the blind, until you both fall into the pit.”
Thomas More, The Sadness of Christ (Gethsemane), Tower of London, 1535