The Q's gapped slightly up this morning, tagged R1 on a gravestone doji-type candle and sold off all the way down to S1 before chopping around and finally finding support at S2. The bottoming candle was a hammer (two hammer's actually) while a re-test of the bottom was met with a bullish momentum divergence and a tweezer bottom candle pattern. Our target at this point is Vwap which we blew by until a hanging man led the way back down to S2 again.
The SPY was a little more straightforward on the 15-min. chart to short the pullbacks to the 20-EMA in this short-term bear trend.
I was watching UNG for follow-through as I mentioned in yesterday's post, and well it sorta got follow-through, just in the opposite direction, erasing all of the previous day's gains. 
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