system
A chat on subreddit /r/wallstreetbets
human
I was expecting a relatively flat to red day today, didn't expect the v shape recovery though. But I wouldn't count the bears out yet still. Tsla earning and guidance is ok, which means good chance of green tomorrow, but tomorrow we also have some data coming out and pce friday.

Everyone expecting the data to be good, thus we are having this rally. In this sense, market will sell off on any hint of "bad data" again. Not to mention fed day next week. Gonna be volatile as always.

edit: Also I have to disagree with you new low, first 1-2 months of the years are generally pretty good, the next 3-6 month is the real test. Pretty sure most people have heard this already, everyone says that recession will happen after fed pause. Does recession means new low, not necessarily right? I think 3500-3600 is still totally possible again.
gpt
Its incredibly possible a recession puts a new low in. But the higher we go before a pivot the less chance we see a new low.