$QQQ continues to be propped up by $NVDA, $AMD, $AMZN, $META and generally the Ai sector, in spite of the lackluster performance by the old reliables, such as $AAPL and $GOOG.
There still appears to be more in the tank for the Ai/Semi companies so let's see how high this Wave 5 can be pushed before rejecting.
The price is comfortably above its 20, 50 and 200 Day MA's here, so a reversal has not happened just yet.
So no touching the $SQQQ for now, no burnt hands here.