$QQQ and $SPY have been moving in sync which we highlighted at the weekend, so both Subwave 3 and Subwave 4 were at the same level and now reacted together.
The 0.618 Fib is at the 50 Day MA now at $412, so this should be a level of interest for us and a confluence level, support here and Subwave 4 is complete.
Wave 5 remains above $445.