It looks like we are seeing some early backing and filling, but I'm not too concerned about it, we should still continue to see an oversold (1-day breadth condition) bounce today.
Here are some of the early charts showing positive signals, but remember this is that loitering area so I wouldn't expect any move to hold out for much more than a day or so.
IWM 2 min positive
QQQ positive anyway, but an increased move intraday this morning (white arrow)
VXX 2 min hasn't confirmed the upside move and should fail to the downside near term soon.
ES futures intraday this am positive
NQ as well
and TF.
It looks like simple morning volatility so far to run orders
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