On the Rebound

That's how you fell for me
That's how you changed my life
You cut me like a knife
--Russ Ballard

SPX has bounced off its lows to about the tune of the 38% Fibo retracement line. After a rally that included the largest 3 day move since 1931, it feels like the lift is running out of steam.

Will the rally run out of gas here, or will it regain some mo-mo and power higher?