Turn below 1010 is down trend continuation, targeting below 990.
Turn below 1020 and higher than 1010 implies possible higher low or double bottom on hourly.
NQ is special here, it never tested its H&S on hourly after the initial drop, thus a test today at the neckline makes sense and that will tell if down trend continues.
Short 20 @ 1023.00 basis Sep 2009
Initial stop 1051.00
--Protective buy stop lowered to 1032.00 (09/01/2009)--
--Staying put here Thursday (09/03/2009)--
--Staying put for the 3 day weekend unless stopped out (09/04/2009)--