Anything is possible.

 Now the only remaining near-term support area is at 3200. If that gives way, a pattern of lower highs and lower lows will be in place, and that is the mark of a bear market. That would be a game- changer.

The market continues to be bullish and it will continue to be bullish as long as the SP-500 continues to close above 3400.

"At first, I thought that intelligence was reality and price the appearance, but after a while I saw that price is the reality and intelligence is the appearance."

 TRADING 

A history of bull markets.

Based on history, this bull market is still in it's early stage. With Fed's commitment to low rates and aggressive support to the economy, corrections are buyable cyclical events within a secular bull market.

The S&P-500 chart is bullish and the market is strong for now, but it looks like it's waiting for its stimulus check. Stimulus has become the new drug and the search for a fix continues.

This pullback seems normal, so far, and the bullish case is still intact as long as SP-500 remains above 3400.