Looks like MSFT and GOOG have been holding up the QQQ, keeping it from having a worse showing than much of the market. ON a daily basis it looks like MSFT has put in another lower high consistent with a bear market. If it breaks 260.20 things should pick up steam on the down side.
Holding SQQQ today is very frustrating when Russell is down 2.9% and dropping and NDX is down only 0.35% and rising! I can read all the technical reasons but in reality it makes zero sense, big tech is in trouble and firing oodles of people.