Ok, let's analyze this one. The sell pressure is rising, but not very extreme yet. Nevertheless QQQQ has been able to weaken even in the face of this "not extreme " pressure levels, what does that say to you. It takes very little to push QQQQ down, path of the least resistance is "DOWN". Wow, it took a while to say this. But please pay attention this is not a simple statement. If indeed QQQQ does not manage new high here it will swim with the conclusion above. And that is not a good news for markets. I lean towards this outcome and will look to short the market on the strength what say you.