Markets have shown stability for a few months and that stability ending with a strong bullish move is nothing but a bullish sign. Of course the price fluctuates a little bit, but the panic seems to be gone and crisis without the panic mark the end of the crisis.
(Woo! Made my first post!)
Bears have successfully convinced me the price will go down once more, which means long term buy and short term sell.
Turns out that long-term buy was the way to go.
@yabodo, Not sure if you use the TD sequential in your analysis, but I just wanted to point out that we are printing 9's on the Daily, 3-day, and Weekly time frames showing directional exhaustion, plus, a Wyckoff Spring usually always occurs prior to a sustained bull run which has the price drop down and test all time lows before then turning course and beginning the upward march. I will of course agree that anything is possible, but these are just some things to watch at this juncture- going down again (perhaps not as low as this other chart here that someone shared with you in responses, but 3400-4400 is definitely on the menu in the coming weeks/months imo, ;-)- all the best.