New Buy Signal At Hand

A move tomorrow above 46.15 in the Qs on above average volume will trigger a buy signal using the Weekly- Daily system as the Qs will move above the high of the low month (July). If the Qs close above 46.15, it will trigger a buy signal using the Modified Donchian system. A first target for the Qs is 47.82, which is the .618 retracement from the July low. If that level is exceeded on good volume, then we may expect that the June high will be tested if not taken out.

Unless volume expands significantly before 47.82 is reached, I would look to take profits at that level. You can always re-enter later if the market moves higher.