This is what happens when you don't use volume to analyze a chart: you are left asking yourself, "well maybe the market will go up or maybe it will go down." Put volume on your chart and you will see there is no question about it: the market and the QQQ has topped here and will fall back to the August lows. 11/8/15
Also, the QQQ may have broken above the 2000 top, but if you look at the NQ futures or the actual Nasdaq indexes, you will see that those indexes have not yet broken above their 2000 highs. 11/8/15