I'm confident that this is still a Bull market because it ACTS LIKE A BULL MARKET.
That doesn't mean that the market can't go down. It can and it will. BUT, in a Bull market when momentum is up, support holds and not just major support, minor support holds. Today, the market couldn't even fall through the 39-hour.
Similarly, the weakness yesterday could only take place in GLOBEX. Once the market opened, the moving averages meant nothing--the market blew through them like poop through a tin horn.
When this changes, we can change our approach. But for now, weakness should be viewed as corrective.