That would mean Comp around 1930 - 1960. A 150 to 180 point move in 7 trading days. Sure a possibility but it would take a pretty good trigger to generate such a powerful move IMHO. It would be easier for the MM's to go the other way and make a good washout bottom.
As some say here, we will know in the fullness of time. I am staying on the defensive for now.