Since last week markets have been on a tear. As we mentioned then, once the FED got past we could see more relief and we have, with all the strength, it hasn’t pulled us out of the muck just yet. All three of the majors on the TP Daily chart have put in decent reversals off the lows. $SPY and $QQQ have extended more, but as I mentioned in a tweet this morning, the $IWM actually has the best looking setup at the moment. Even with this, a few days of backfill and digestion would be good for both structure and setups as long as buyers stay engaged and don’t pull the proverbial rug.