These will probably be my final charts of the year for anyone that might happen to be trading today. QQQ continues to test the 510/511ish support while poised to break out above this bullish falling wedge pattern. Whether (and if) than happens in the final hour of trading today or after the new year, a solid break above the falling wedge pattern is likely to spark at least a short-term rally. 15-minute chart below along with the 15-minute charts of the top components (AAPL, NVDA, & MFST) which also have positive divergence on the 15-minute time frame.
To reiterate, these are only short-term, active trading setups targeting a relatively small & short-lived bounce. QQQ is still an active short swing/trend trade as long as it remains below the top of the bearish engulfing candlestick printed on the weekly chart two weeks ago.
QQQ 15m 3 Dec 31st
AAPL 15m Dec 31st
NVDA 15m Dec 31st
MSFT 15m Dec 31st