Last week, the stock market rally was one of the best performances in nearly a year. The surged 3.4%, the Nasdaq climbed 4.4%, and the bulls declared the correction over. As I have stated before, having watched markets for more than 35 years, I have come to recognize the difference between a relief rally and the end of a corrective cycle.

So far, this remains a relief rally until overhead resistance is broken through and successfully retested. The question that matters now is whether the stock market rally has the institutional support to break through those resistance levels, or whether Monday’s open will reveal the reversal was already finished before most investors realized it started.

The answer, based on every technical and…