NQ Daily Chart - Update

NQ daily chart is showing that it is in Wave v of 5 up from the July 2010 low. A break below trendline support implies that Wave 5 has ended. If so, I will be looking for a larger correction that may pullback down to test the breakout level, hence will start looking for short.

But until then, I will remain bullish and staying mostly on the buy side on an intraday basis.