Kill the XIV and All Debts Are Paid

Can it really be that simple for the market to now shake off the events of this week and resume the melt-up to new highs? 

We have some big earnings tonight, like Disney, would should offer a respite from the XIV SVXY tom-foolery. 

But liquidation events are typically serious business for longer than just a day or two, especially when big banks are involved.

The Russell tagged its 200-day moving average and bounces, but the senior averages still may have a date with their own 200-day m.a.'s before this correction is over. 

More in my recap after the bell.