Daily charts of SPY or S&P500 were showing a breakdown already from Head and Shoulder formations. All major support lines were penetrated and closed below. On 30 minute chart, H&S formation was nearly 95% complete but not broken down yet. Everything looked set for a bear move. However, markets gapped up today in a major fashion and then sideways action so far. Can someone explain what was the technical reason for gap up today. Was there some other price formation that resulted in the this bullish move. I was going to take a short position yesterday but wanted to wait for 30 minute chart to break down. Glad was neutral when the tide turned bullish. Thanks all.