QQQ (Nasdaq 100 Index Tracking ETF) just turned down after testing the recent highs from November 28th. The same divergences that have been in place over the last week or so continue to build & will remain in place on any marginal new high in QQQ. As long as these divergences persist, the odds are good for another leg down in QQQ, similar or larger in scope to the late Nov-early December pullback. Updated 60-minute & 15-minute charts: