*QQQQ daily seem to be at a pivot point here, that may have been the bounce, or may have not, oil is still holding gains, as long as that happens, I would suspect that the current Q's high for the day will hold...
now watch the market for a macd break, or see if it holds as support... I think it may break based on volume of the bounce that just happened...
*EDIT: With the RSI positioned right at 50, if the macd breaks, then it becomes a short, if the volume confirms, then it becomes a screaming short... very pivotal action here just before the lunch hour...
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