Was this a stop run? we wont know for sure till we get higher. For now, I would go on a limb and say perhaps a temporary low is on. If this is a stop run , then this needs to work higher to take out bear stops. With so many people expecting a collapse to 2480 I am not convinced it will happen now. Pehaps it need to climb the wall of worry. Fo rnow, it needs to get above and away from a bout 2994. Thereafter 2616 or so.