The primary scenario posted yesterday, a sharp move down to the T2 level, played out with QQQ gapping down to open at that level today. Immediately upon tagging the T2 level, the Q’s provided the usual reaction, moving higher for a near-perfect backtest of the S2 level (former support, now resistance). Any solid break below today’s lows will likely usher in the next wave of selling and a move down to the T3 level (105.80ish).