You can see the swift move lower on the QQQ ETF yesterday spilling over into this morning, looking at the hourly timeframe below. The issue now becomes working through a price zone in August and early-September. Clearly, the daily and weekly timeframes are still in the bulls’ favor. Shorter-term, breaking back above $68.50 is key to the upside, while $67.50 is important for bears to crack on the downside to deepen the correction.
______________________________
