We had the bounce as expected. It came on support, and from a short term oversold condition.
The next few days will tell if this is just a dead cat bounce or the beginning of a short term trend reserval.
"Our government is the potent, the omnipresent teacher. For good or for ill, it teaches the whole people by its example. Crime is contagious. If the government becomes a lawbreaker, it breeds contempt for law; it invites every man to become a law unto himself; it invites anarchy."
Louis Brandeis, Olmstead v. United States, 1928