QQQ is once again testing uptrend line support on the daily chart while starting to crack below the bottom of the Sept 5th (Monday) gap. With yesterday’s big green candle now wiped out, the suggested stop will be lowered to 189.85 at this time as ideally, QQQ should remain below yesterday’s highs. A solid close below the uptrend line today (or tomorrow) would likely open the door to a relatively swift move down to T1.
QQQ daily Aug 14th