This is basically the same QQQ chart we have been monitoring since the late June low, stripped of wave labels to keep it clean and simple. With price in a reversal window and in a well defined uptrend, for it to reverse out of the window and break the channel would be a signal that a new leg down has begun. IT HASN"T HAPPENED YET, but there are a lot of traders with some huge positions that will take note if it does. So should we. QQQ 120 Minute 320-310-300 = all key levels SPX: 4100-4000 Key Support
