Five Higher Low Candles

After five higher low candles on the daily, I’d usually say, we probably need to rest, or pullback.  The 60-minute chart of QLD shows the consolidation of the past three days though.  Mabe we’re headed to the 200 ma on the 60’s first.  The VIX falling below it’s channel as I suggested last week, should help the market get to those 200 ma’s if it breaks.