The difference between bearish action, and bullish action

The XLF should make a move to 20.60, But could pull back to 20 and still find support.

The Q's Could move to 46.70, and then find too much resistance and then break down. Where the XLF retraced 76.4% where the Q's moved 50%...

With all the Crazy action in the market, I think the short covering was just an indicator of how apprehensive people are holding a position into the Close, because of the Reversals.