you can have your move now... I got the bounce I wanted would like it to go higher for the sake of my nq position though.
basically whats happening.. the thousands of contracts bought to start the short covering rally... are being distributed to free up the cash. that cash can be used to move the market with momentum in the future. Freeing up reserves. A lot of people are still caught short, so price has trouble going lower, since the people caught act as support for the market, when ever the market tries to move down..buying comes in.
notice orderflow comes in when Paulson talks... a few thousand contracts on the buyside ..right near support,
chart...30min /240tic notice on the 240 tic chart, the signals getting chopped up. there is another filter, that the initial signals get reaffirmed with.