from Hamlet. We already know that something is rotten in the State of Denmark, Germany, USA, und so weiter. OK.
But can the market rally? Well, somewhere between Scenario # 3 and Scenario #4 lies the possibility that the market will, In FACT, rally off a close that was the Day's Low,but yet a HIGHER close than the previous day. This simple fact is a slender thread upon which to pin ANY hopes, but, aside from the facts of BREADTH, ( which in fact, is what $WLSH is part of with 5000 stocks included ), it is what we have, i.e. "Let your ends be dictated by your means."
I'd say you must now countenance that fact that a rally could extend upwards from here, which is in ONGOING as I type.