I think $QQQ will test this 1.618 level again today or Weds before going higher, the 1.618 level is where we always set Wave 3 and when the price goes above this level, this means it is extended, which is not a surprise since the NASDAQ has been looking extended for a number of weeks now.
I believe overall, this will continue to climb to $408 which is the All Time High Line towards the end of this year before needing to start its ABC corrective wave.