Indices have not rallied high enough.
Nasd will require an 18,700 print for higher retests.
Spoo will require sustained and closing price action above the qtrly pivot. The bounce lined up with the top of a Spoo gap matching the 200 DMA in Nasd.
Everything pivoted off the Yen @ the dollar double bottom matching the lows in the Indices and many names.
Let us not forget the qtrly momentum level in the 30 yr. @ 126.23 that needs to be closed above for lower rates.
Keep your trading hats on for the next couple of weeks. Lower lows in the Indices will be bear trap territory for the first time in.