View: slopechart_QQQ.jpg

Dissecting QQQ weekly. 
Inside the oval - Price has fallen from the wedge (inside a channel), fallen under a down trendline of Nov '21 high, and fallen under a second uptrend from 2000. 
If it falls beneath the channel, it will be in the Cloud and testing support of a third uptrend from 2000. 
Breaking below the Cloud will then be testing support from the 2009 low.