i think this might be a failed breakout up and we could go down pretty hard

The market needs to correct out any excess. At some point it will find value. Meanwhile traders simply need to follow the bouncing ball.Wow, I really hope this holds. It'll be a little concerning if this is all the market can do today to upside, given all the likely intervention that took place.
Really needed a bigger rally than this, if we're going to avoid going to the levels mentioned. Didn't catch much of the short, only got a small piece. Couldn't find out to effectively trade it, despite still believe this is just forced short covering.
Hairpin ahead..lol
nice HWB on ES