some back to the basics type TA here

Rally up at end day took the qqq's up to what appears to be a minor resistance level at approx. 43.75... if we can gap above this, or open flat and move above it... and hold either by retest or time... next reaction point looks to be in the circle above at 44.25 level... momentum looks as though it could land us there... and put us into oversold condition... if so i'll be watching 15 min and lower charts to see any constructive action there... if we bounce down off of there... a strong resistance should be found around the 43.75 - 43.70 level off the highest volume high for today... if broken... the 43.25-43.00 level will be our next consolidation area... and if it holds... will be the first higher high building since Feb 11th.

http://stockcharts.c...9657&r=5497.png