Should be close

The Q's, SPY, DIA and IWM  just took out the stops in the area and the volatility indicators are getting worse, these are still intraday signals, but if I wanted to trade this reversal to the upside, I might go with something like UVXY or another leveraged product, but we are talking about day trade. A 50 bar 5 min chart works pretty well for a stop, but ROC on price and spotting the first divergence is also another good warning signal.

 QQQ with stops right below intraday support as usual.


UVXY negative divergence getting worse, but as I pointed out, remember these are still intraday signals.