After an early bear scalp off a Shoulder abc formation, the first real swing signal was about to appear. The signal was given by the SMH as it formed a Right Angle Declining Triangle that failed to break out at all, forming a Williams Squat reversal, right at the 1st Hour Transition Time. A Dough Bar confirmed the trend change. Too bad they don't trade futures on the SMH yet, but I'm informed it's coming soon! So the trade was taken in the NQ, the SMH's closet futures cousin, and was good for some 6 pts before hitting a series of opposing topping signals.