I'm looking for more of a pullback after today,

I'm looking for more of a pullback after today. I think you've easily got 4 or 5 percent more on the downside as part of the correction that started Wednesday.

The market is simply digesting those gains,

We've had a nice run off of late-April's lows and the market is digesting these gains. We'll probably start moving to the downside next week.

We may have another couple of days, or a week left of this counter trend move, but it's within the framework of an intermediate trend downward.

Last week's action was promising, but it is still too early to call for a bullish turnaround in the broader market,