The Q’s gaped below 66.67 area of Major Resistance and continued lower breaking the 60 minute uptrend. The Q’s set the low of the day by 9:50 @ 66.33 then rallied into the lunch time period where it has set the high of the day at 66.73 at 12:40pm. The market since has rolled back over to test the low of the day but has found Major Support at the 66.42 area just above the lows of the day and has bounced higher. Currently, the market is stalling at minor resistance @ 66.65 area and looks like it wants to roll over on the 5 minute chart. This make sense since the market did trigger the hourly buy during the 14:00 hour. My play of the day was in VZ which I found on my daily sell list since it had triggered short yesterday. My entry was at 1:46 pm as the market was starting to roll back over after lunch. VZ put in a text book setup attempting a break out @ 1:20 pm that failed, then price based until 1:45 when price shook up again then went lower creating a small little Doji type bar, I entered short below the Doji and price moved lower nicely to break through the low of the day in VZ at .17 cents. I finally trailed out of the play at .12 cents with just shy of a 4 R trade. Here is the chart for my play in VZ….
