As of yesterday I thought that bears still had the edge because SPY, DIA and QQQ below QPs. But market proved me wrong with an incredible rally from QQQ that took it all the way back to its QP and slightly above. After hours has rallied further.

It seems the ball is back in the bull court. VIX had the move right again.

Now if real rally SPY will carry above its QP as well. Also note the 2017 close looking like resistance several times and yet - here we are at flat again.

QQQ, SPY and DIA below.