Recent updates have noted that, no matter what the market did next, it seemed likely that the all-time high was (at worst) a b-wave and hence not a lasting top (i.e.- still a bull market). The market has rallied enough since then that now bears would need to reclaim 6631 to indicate they still had even the near-term ball:
Bigger picture, SPX has yet again rallied up to the blue trendline after whipsawing red:
In conclusion, for a minute, bears had some near-term fun -- but for now, bulls have recovered all the levels they needed. Trade safe.
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