The amount of damage done to stocks last week was quite impressive in such a short period of time. Over the course of the last five trading days, the S&P 500 shed 2.38%, adding to last week’s dismal performance. It should come as no surprise then, that we see more long side patterns (that mean stock could see gains over the course of the next few days) than we see short side patterns — at least in the short term.

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Why the Markets Could Rally This Week Before the Downtrend Continues