Susi is currently in NO-MAN's-Land given that we are just seeing a countertrend rally in a bear situation. In order to become a correction in a bull market the market has to rally much more. Golden5-Breadth & -Sentiment &-Context (look at the widening TED-Spread) & -Volume &-MOMO still paint a bearish picture.
Just to bring back to your attention, when you have 2-3% gains on a single day (Thursday) with breadth of 10 or more winners to loosers , the experienced technician will think "short squeeze", because this does NOT normally happen in healthy cyclical bull environments!!
THIS IS A VERY BEARISH SIGN.
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