It sure looks like the SPX has signaled the start of a new Trading/Daily Cycle here with the break out above my Wedge. The market, however, has been giving many head fakes lately and the trading week is young.

I actually want to see a sustained breakout into this Friday before I take a position either way (I do have a small starter position shorting QQQ today with QID based on a channel I see).

Added: QID Fork. Tight stop here but I like the channel and OBV.

Screenshot 2016-05-24 08.33.52 Screenshot 2016-05-24 11.10.10