Market internals are still strong. Keep in mind, this UP leg is not based on the corporation's performance, rather, it's based on, and proportional to, the dollar devaluation. Another 10% is reasonable before long.
index will be a pig, but individual stocks will be up and down. If you trade index, not much meat. But if you trade stocks, you have big chances no matter long or short. I guess some sectors and stocks will catch up.