ES1! - A strong, long-term reversal?

We are up 11% after hitting the 50% retracement of $3503 earlier in October, with the NASDAQ rallying 11.8%. Earnings have been mostly disappointing, and inflation challanges are mounting, with Fed promising "HIgher-for-Longer", despite what some investors are believing.

A rally into the next bull market, or a bear market rally?