📺 Market Rebounds, Volatility Plunges — CPI Is The Next Big Test Please ❤️like and 🔁share with fellow growth stock investors @ConnorJBates_ notes that the market staged a powerful oversold rebound on Monday, with semiconductors, memory stocks, and high-beta growth names posting double-digit gains. Our Revere AI 100 surged 7.11%, while volatility plunged and the $VIX closed below 20. But does this mean the correction is over? We don't think so. * We remain in a correction, with market leaders flashing red in "Protect Mode". Most major indexes are still struggling with their declining 21-day and 50-day moving averages, and the technical damage from the recent selloff remains substantial. The S&P 500 $SPX / $SPY did deliver a strong open-equals-low session yesterday and closed slightly above its 8-day EMA. The next key level is 7,620, followed by resistance from the declining 21-day and 50-day moving averages. With the S&P's average true range now at 1.23%, volatility remains elevated despite the rebound. * $QQQ suffered an 18.5% correction from its recent high to its after-hours low. Monday's rally brought it back toward the 8-day and 200-day moving averages, making this a critical technical test. The $700 level remains important, while the undercut and reclaim of the capitulation low offers a potentially bullish signal. But one strong session doesn't repair weeks of selling. * Market breadth is showing some encouraging signs. $RSP continues to outperform the capitalization-weighted indexes, although $223.50 remains a major resistance pivot. The Russell 2000 $IWM reclaimed 2,800 and closed marginally above its 50-day moving average. Mid-caps $MDY are also improving, while $MAGS and hyperscalers continue demonstrating relative strength. * The sharp decline in volatility is another positive development. After last week's massive spike, the VIX has surrendered much of its gains and closed below 20, suggesting that immediate market fear is easing. * Elsewhere, the dollar appears to be rolling over, potentially supporting precious metals. $GLD is approaching a bullish 8/21 moving-average crossover, $GDX is showing leadership, and $SLV is beginning to form higher lows above its 8-day EMA. $IBIT, however, remains notably weak despite the Nasdaq rebound, suggesting speculative risk appetite has yet to recover. * Meanwhile, $TLT continues building strength off its recent low, with Treasury yields making lower highs below their 50-day moving average. Further declines in yields could provide a more supportive environment for growth stocks. * Now attention turns to CPI, followed by PPI on Friday. These inflation reports could influence Treasury yields, Fed expectations, and whether the current rebound develops into a sustainable recovery or fades into another lower high. * So, this was an impressive bounce, but powerful rallies are normal during corrections. We need to see indexes reclaim resistance, moving averages improve, and leadership broaden before declaring the worst is behind us. For now, remain disciplined, take the market level by level, and respect "Protect Mode" until the evidence changes. * Watch this Short video where @ConnorJBates_ breaks it all down in detail 🔽