$SQ has not looked back since holding our support line and the right shoulder level we set. It appears to be trying to fill the rest of the gap it left after the short report was issued. This is where I would be cautious about chasing, the 200 Day MA is just at that gap fill too and this definitely needs a pull back.
I am really impressed with how this has recovered, I bought at $56.80 and sold at $65 and I will be looking to get back in once it pulls back and it is showing signs of completing the right shoulder.