hourly picture still bullish, but not ruling out daily reversal

the hourly picture for the nasdaq is looking like weve managed to hold some support over a daily neckline. if that necklline is threatened, id imagine we are revisiting that lower level soon. if we break it- look out below as a close beneath $31 will probably dictate 29.24 or lower. if we manage to hang on to this daily uptrend and close above the 33 mark i would imagine were challenging 35. 32.97 remains where that flatlining TRAMA lies at the moment. choppy action trading in this range has been hard to swallow for a lot of swing traders who were hoping for a breakout, or trying to catch consolidation to the downisde. it has also been bearish for volatility however, and this could revive the bounce if we see a breakdown in vix soon.