Bigger picture....

I am expecting SPX to hit 6700 +/- (6650 to 6750) in coming days. If index can hold this line, we should expect a rally into santa claus holidays.

QQQ already lost its 50D moving average briefly today, so it may overshoot a bit on the downside. But as long as SPX holds the line above, we should be ok.

Failing below that area opens the door for some significant correction upcoming.