QQQ & SPY both have potential (unconfirmed) positive divergence on the 60-minute charts. Should the divergences become confirmed via a bullish crossover on the PPO before it makes a lower low, that would increase the odds of a rally. Should QQQ make another thrust down to the 140.05 or 139.27 support levels shown on this chart soon, the divergences will be negated, likely opening the door to a continued move down to the 135.84 area. While I favor the former scenario (bearish), I will certainly respect the latter if these potential bullish divergences are confirmed as I put a high weighting on confirmed divergent highs & lows on the 60-minute time frame when swing trading.