QQQQ

Q's are still showing a pick up here so I'm not going to judge just yet, as yesterday the SPY is still lagging and the DIA is showing signs of a positive divergence building, this may be a head fake on the downside, we'll let the afternoon play out and monitor the divergences. Head fake is the feeling I'm getting and I think we'll see a change in the Q's first.

QQQQ 5 min. UIt appears that not too much institutional damage has been done, we may be seeing retail orders go through and being swallowed by institutional money buying on the cheap for an afternoon bounce.