I am little confused at this given period.

Market rally died even when Oil fell down. When something like this happens and news can sustain the rally, market is either due for rest or reversal.
eg: Oil +ve news killed Oil whole week, Financials -ve news rallied the financials.

Today Cramer was pumping the outlook on the market by telling people to buy the stocks.(This is also one sign that market can stop rallying in a day or 2 or within a week).