The Q's finished the day in a 5 minute uptrend into resistance but still managed to close way up from the open @ 78.61. If the market opens neutral and rallies above the 78.75 area or gaps above this area, I'd look to take the first 5 minute buy in this same area with a target of 79.25 and a second lower target @ 79.50. If we happen to trade or gap below the 78.25 area and sell off, this would break the uptrend on the 5 minute chart and I 'd look to short the first 5 minute sell that triggers near 10 am or 10:30 am reversal time. We still have some void to the upside and since the 2:00 pm-3:00 pm hourly bar took out the low of the prior hour, I'm expecting more price action to the upside. These are some terrific times in the market for day Traders, make the most of it, follow your charts, have fun, and makes lots of money!
