Bear markets are notorious for vicious rebound rallies, such as the one investors witnessed on Wednesday, according to Mark Arbeter, a veteran technical analyst.

While investors celebrated President Donald Trump’s decision to pause some of the tariffs he had announced last week, the stock market’s past performance suggests investors might not want to breathe a sigh of relief just yet.

Maryam Rusch, co-founder of Cycle Framework Insights, found nine examples in the history of the S&P 500 where a daily gain exceeded Wednesday’s 9.5% rise.