Analysis A won the day.

In this post I acknowledged that the early February lows could just be an A-B-C retracement into an ending diagonal.  Go compare the left hand model I showed there to the current chart below.  The trigger as usual was the break out of the top resistance line of the down sloping channel.  I still think we will end up with a "walk away in May" year because of the January effect but this rally is not over until the charts say it is.  But don't get too comfy.  This kind of volatility after the market has been going in a certain direction is generally the sign of day rolling over into night.  Remember what that chart looks like?