The bear is not dead, in my opinion.
Your big concern should be that shorts could feed that rally way up, squeeze after squeeze, up to bears capitulation. The more it goes up, the more illogical get the valuation and the more shorts are invited to feed da bull.
Gottfried_II
Bacc (o) I'm the target
“Those who can make you believe absurdities can make you commit atrocities.”
-- Voltaire