QQQQ and SPY Both Fill Their Gap

Today was a very quiet day for stocks, I really didn't see too much to do as far as day trading is concerned.

In the above chart you can see both SPY and QQQQ have filled their gap which was the high in the market today.

I still think we will see the indices retest the high from February, and if we do I will probably be looking to short some stocks at that point in time. I see many stocks that look weak and that is a cause for concern. Right now I'll take one day at a time and just wait to see what breadth, volume and stock action looks like if we do indeed break the year high.