My thoughts are that this current stock market is mirroring the stock market behavior back in 1929. It made the same bounces!!

I think you'll see a new drop after OPEC announces reduced output at the conlusion of their next meeting scheduled for Nov 18th. Lower output will drive the price of crude back upwards. That will increase pressures on the markets.

That's my opinion and y'all know what opinions are worth.
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QMC, USCG (Ret)
The best luck is what you make yourself!