QQQ is certainly in a near-to-intermediate-term uptrend but still in an intermediate-to-longer-term downtrend by nearly all metrics. As such, only time will tell if the higher lows off starting with the Oct low will continue with higher highs & higher lows for some time to come.

All I can say other than that is the indexes, especially QQQ & the market-leading stocks, are at major resistance & we won’t know until ‘at least’ until after this week (FOMC, ECB, AAPL, AMZN, GOOGL earnings, etc..) if they will be rejected at these keys resistance levels, as has been the case on previous rallies from below since the bear market started,…or if they will clearly put those levels in the rear view mirror from a solid & sustained break above on all.