/NQ has crossed below the 60-minute uptrend line & backtested it from below although A) the breakdown was not impulsive and B) /NQ still needs to take out 8200 with conviction to open the door for a move down to my near-term targets.
NQ 60m Nov 13th
Likewise, a break below the 199.80 minor support will help to confirm a near-term sell signal on QQQ. Until & unless that happens soon, the trend remains bullish without any sell signals with the negative divergences still intact for now. 60-minute chart (as of yesterday’s close) below.
QQQ 60m Nov 12th close