The Q's successfully defended the bottom of the "Green Zone" so far with an impulsive reversal that coincided with the SPY reversing off that Feb 17th gap & the Q's doing the same after a very brief & minor overshoot of the 2/17 gap. This is likely to have more lasting near-term bullish implications although there are still plenty of mixed signals regarding the near-term outlook for the equity markets right now. My near-term bias remains cautiously bullish and only a break down into the red zone would change that for the time being. Previous & updated 60-minute charts:
Green Zone Successfully Defended by the Bulls, Bears Dropped the Ball
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