Short Covering move or is the "Correction" Over?

What a week!!  After a nearly 400 point down move on the ES the market had what I think is a short covering bounce for the last couple of days.  The news media is wetting themselves talking about the "recovery" of the breakdown and "it was only a needed correction."  Not so fast, we're not really out of the woods yet technically.  The market internals that were incredibly bullish the last few day have already started to turn, and could be ready for another leg down in the next few days.  Remember that the market is most bullish at a top and I'm not convinced that we won't have another shot at a low before we're out of steam.  

The EminiEdge Zones contained the action excellent today, but with the expanded volatility don't forget to bump up the stops and targets.  The less experienced may want to paper trade this yet as a little bounce could be a big loss in no time.  The market action had some textbook (EminiEdge Textbook of course!) setups today.  The first setup was in the first 15 minutes of the day and was good for a quick 10 points with no heat.  That's the way to start the day!  After the market bounced there was an entry at 2, with about 12 points here...  That's enough for me, but there were two more shorts next for a little reversal setup at 3 and 4, setups related to each other for a couple of points on the first and an easy 3-4 points on the last.  At 5 there was another reversal setup which was an excellent setup but didn't quite take off like we hoped, but a few points if you were quick to cover.  Lastly there was a nice continuation trade at 6, for an incredibly quick 8 points before there was a snap back to kick us out.before head for an untradable "V" bottom (for me anyway) and an incredible bounce from a new low to a new high for the day in the last hour.  Yikes!  If we can't get through about 1992 early tomorrow, I'd expect us to take back the a good chunk of the gains of today before settling down for tomorrow...  Time will tell, but Trade What You See, Not What You Think!
Good Trades, Joe