This is sort of an addendum to a thread i've been posting to on a possible QQQQ top. The QQQQs look bounded by a broadening range for the short term daily. The longer term weekly broke down through the long term major diagnol support and had an impulse leg back to test that support line. If it doesn't break it upwards, the path of least resistance appears to be back down. Looks like a classic bull trap IMHO. Hate to fight the uptrend, but at least the technicals support this bull trap/broken diagnol support thesis.