While I didn't claim a total bear victory yesterday, I did think there were more negatives than positives. But the market proved otherwise with a massive comeback. Leaders IWM and QQQ starting the day above all pivots was the first clue, and then VXX fading back under its HP in the first hour was the next.

QQQ has been testing its YR1 since 5/10. There have been several selling attempts from this level. But the market has come back again and again. Compare the last few weeks to the YR1 rejections of late January, late February, and March. This time it seems like the market wants to clear.

DIA will be the tell for tomorrow - still testing QP.

SPY, QQQ, DIA and VXX below.