QQQ Daily - Finally broke rising wedge. This is of course bearish. Because this market is irrational I would still recommend caution as daily support was found on 10DMA. On the other hand resistance was found on the 5DMA. Watching futures charts I can assure you that even though this chart is bearish, QQQ can still move up below the lower trendline, nuking short positions. But if you feel this is the beginning of the end, I am seeing a drop to the 162 level.