I mean, we have to just turn this entire analysis upside down, right? which is kind of wild and crazy to say... this is not nearly as bearish as what we have over in the S&P 500... I definitely see the inverted hammers. I see the upper wicks. If you're a bear, you want to see a b

— Trade Brigade

yesterday, when we gapped down and we started to rally, I bought some of the IWM and the QQQ, personally. That's what I got into.

— EarningsBeats

The downtrend is still, you know, a bit more meaningful here with these potential lower highs... you did reclaim the 20 in a notable way on today's session.

— Trade Brigade

The Nasdaq also made some ground higher here today. It broke past this level... but we still have to contend with the anchor off these two highs, the year-to-date orange anchor and the declining 50-day moving average. So, again, structurally, nothing has changed.

— Brian Shannon - Alpha Trends, at 1:30

the NASDAQ is continuing to be the weaker uh between the S&P 500 that is. We made it up to the declining 50-day moving average, but weren't able to close above it.

— Brian Shannon - Alpha Trends

I don't know that I can be overly bearish the market as a whole. I think I would probably flip back to neutral here

— Trade Brigade, at 15:00

for years it's just been the passive bid into into tech passive you know buy QQQ and that sort of thing but we've started to see some pretty significant rotations

— Forward Guidance

QQQ was the strongest area. It still is the strongest area, but only up about a quarter of 1% after the selling yesterday. You wonder if it's just a little temporary bounce before we see a breakdown.

— EarningsBeats

the daily trend is already down on the QQQ. And in my view, this is just a counter trend rally. This is not a substantial rally that really changes the tone of what's happening in the NASDAQ.

— Trade Brigade

This is a little bit more precarious because we already have lost the recent low that we saw back in middle part of January... This is a little bit more bearish looking because in a downtrend, what normally happens is you lose your moving averages, you go back up, you test your m

— EarningsBeats

it's been fairly hard to really talk confidently about the S&P without sort of the backdrop of the NASDAQ being much weaker here... the trend is down at this point. This is a lower high here. This is certainly a lower high here. This is a lower low

— Trade Brigade

the cues are just flat... I think everything is at risk... the cues are probably down on the year now and if that worked for however long that's not going to work anymore.

— Forward Guidance

kind of in no man's land here, isn't it? ... we've got that anchor from that high and this one right here. And we're stuck just below them. We also have a declining 20 and 50-day moving average. We've just run up into that zone... what I'd really like to see with the cues if we'r

— Brian Shannon - Alpha Trends

we just looked at a QQQ chart where it can't make a new high. Okay? Can't break out. It hasn't made a high since October.

— Cestrian Capital Research

It's a very, very timid market. It's a very timid tape... base case is that we're back in the box... I would tend to favor longs just for range rotation. Nothing more. Not all-time highs.

— Trade Brigade

the QQQ is down almost 1.8%... the NASDAQ 100 is more concentrated in growth and that has not gone back up to set a new high since the end of October. So, we're seeing that shift, that rotation away from growth and that's concerning.

— EarningsBeats

I just can't really lean into the idea that this is a momentum market though with software getting absolutely annihilated. The MAG 7 certainly underperforming... it looks more like a couple of breakouts have failed. We're not really breaking down to lower lows yet... I don't want

— Trade Brigade

I'm not as bullish on the NASDAQ as I am in the S&P 500... In the NASDAQ, you have these higher lows, but you have those lower highs as well. And this failed breakout sort of just gives an opportunity where... I'm just very very neutral to NASDAQ.

— Trade Brigade