It is all really about building momentum and making it so the confidence returns and the steps up are gradually larger than the steps down. The BEST thing it could do, in my opinion, is consolidate between 7 and 8.5 k a few days and shake out the rest of the bears.
I was with you in December, warning the folks about the insanely oversold RSI but really didn't think it would correct that hard. Flushing out a little greed and hot air ain't a bad thing and the panic sellers were just as bad as the newbie FOMOers.
I guess this is called market maturation and I am alright if it recovers slowly for a good long series of ATHs.