Looking at the data from the low we can see a closing wedge
, and given the reversal of the MAs, plus the continued downward trajectory of the 50 MA, these are strong possibilities 2955 is the ceiling and we're headed back to 2724 in this Bull Trap market. It would be wise to start stacking sandbags, but not the time for shorts unless 2955 is breached due to the 200 MA sitting at 3000.
The true bull run is coming, just not yet.
Good luck and thanks!