Higher Lows & Higher Highs

The Qs have rallied from the neckline and have made a series of higher lows and higher highs this morning. The market is at a critical short term level with potential resistance at the 5 day MA. If you are short for a trade a reasonable stop from this level is near 50.20 A move back below 49.75 could bring about further selling, but remember that with a rising 50 day MA, short side trades should be kept short term.