Now, before you go running to your keyboard and hit the "Sell Everything" button, let me walk you through what to expect.
First, let's look at the price action since the August selloff.
We have three consolidation patterns (blue dashed lines) on the chart after the August selloff. The August through October consolidation was an extreme condition with very high volatility which lasted about 10 weeks. The red circle highlights the final battle of the bulls and the bears. The bears fell and we see a long breakout candle signifying the bull's victory. A decisive breakout.