Bear market alert: sharp, short rallies, breaking to lower lows

Is that it for this one? This chart of the TSX shows the pattern of violent and increasingly fleeting rallies since November.  The latest spike was the sharpest at 6.6% and the shortest, lasting just 3 days.  Such moves are consistent with an ongoing cyclical bear market punctuated by short-covering rallies and the next wave of distribution.
TSX sharp, short rallies

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