Short $QQQ is not looking bullish itself and is in a bearish channel now.
The $QQQ and $SPY are also looking very different from each other.
The $SPY has infringed on Wave 1 today but the $QQQ is still above its 200 Day MA and is nowhere near infringing on its Wave 1 right now.
So there is a large difference between the $QQQ and $SPY right now.....likely because the Mega Caps are holding up, notably $MSFT and $AMZN.
There is no changes to this chart btw.