What a difference a day makes. The markets were in much better shape today. Here are the SPYs, QQQQs and IWNs.
All of the markets started rallying at a bit before noon. All closed at or near their highs for the day. The QQQQs had a nice volume spike at the end.
I will add that today does feel like a technical bounce rather than the start of a new rally. Traders are conditioned to buy on the dips. In addition, no market goes down forever so some rebound is almost always in order after a large sell-off.