I have been watching the market since the bounce off the minor support several days ago. The market put in a brief acsending triangle and I was tempted to reverse my support position on the NASDAQ and go long prior to the 2 day pop but didn't. It was a standard triangle with decline volume with increasing prices. But, I didn't want to lose my position for a short-term pop no matter how tempting. It was nice that my chart reading was nice.
I am still short on the NASDAQ. It will be interesting to see the support at the minor support within the next few days. The market technicals say it is pulling back.
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