Wednesday's market action doesn't change my outlook

That's right. The piece of data which did not produce results was that of Volume. Today's volume was less than yesterday and to have a rally one can believe in you need to have today's volume surpass yesterday's and it was clearly less than Tuesday. The VIX Index dropped more today closing at 36.17. The Put to Call ratio climbed back up to 0.96 from the low from the previous days. I expect volume to increase tomorrow to the high for the week and then beating it again on Friday, Options Expiration. Unless we have a breakout to the upside on high volume, I believe next week we will pull back. However, many have funded their 401K's and IRA's at the last minute today so there is money to buy if investors are so inclined.