Quote from tradingjournals:
I find today to be an easy short, even if it were to break friday's high. All the bears who joined the last downtrend after it became easy to see, are now underwater. So the market might now work on bulls who joined later to give them a hair cut instead of the steak they were after.
QQQ at 58.ish.
Reconnaissance teams seem to say that if it goes down, first motivated "bulls" (in the form of bears covering their dirty shorts, and praying for three days now) might appears, at around 57.10 area.