Are we seeing a bearish flag or reversal on the 5 minute chart? We will wait and see. If it is you could possibly enter short at 1322.25
Here is the Q's chart I was watching while I was in my ES trade. The two of them were tracking pretty much the same and if you will remember yesterday afternoon I posted an ES chart with hat I was suspecting to be a bearish wedge with a very steep angle. I saw the same wedge pattern on the Q's with a large gap to fill and support at the gap. This played right along with the ES as well. This is a nice chart where everything worked as planned and might make for a nice chart to put in your archives. Gary