Bullish Action

The net change on the day may be lower, but it is bullish that the Qs have been able to stay above the daily VWAP and the 5DMA. If the market can pullback (towards VWAP) and make another push above yesterday’s high, it could clear the way for a push above 34.00. The morning lows will be important. Remember that the primary trend is lower and risks still remain high, trade defensively and with smart position sizing.