DJIA +230 points. SPX +1.34% to 2113. EEM (emerging markets) +2.42%. RSX (Russia) +3.9%. EW (Brazil) +3.94%. FXI (China 'H'Shares) +2.43%.
In my opinion, 'maximum pain' will be a further gap up on Friday. One which essentially forces bystanders to buy at any price (or be forced to continue standing by).