This is probably a short term bounce, based on the timing array it will likely close the quarter lower than the last quarter, still, that leaves quite a bit of room to the upside.
Also, I think that stocks are post bottom for the day, but I'm not quite confident yet.
Cripes I accidentally deleted another comment. I will address it here. It is actually a 200 day moving average, that I stuck in just for these pictures, because I hear people talk about it a lot.