QQQ is in bullish breakout territory near all-time highs, holding above a key trend line, but recent late-day selling pressure creates short-term uncertainty.

Uh next up into the NASDAQ. Now, look at that. If this candle was at the top of the chart, that would be a topping tail. That does illustrate too just how robustly bullish everybody was until that final last couple 10-minute candles on the chart.

Look at that bull flag. Then all of a sudden, whoop, now we got a potential topping tail. Now, again, let me just clarify. This does not qualify as a topping tail. There's price action all around it, just right next door.

So, that would need to be at a high point on the chart. But, geez, that selling pressure with that big wick in the final 10 minutes, we'll have to see if that carries into tomorrow.

So, into the NASDAQ, we still see price holding above this declining trend line at 26,672 points. Back out to the weekly time frame to show you where that is. That's illustrating a near-term breakout on top of the parallel channel that we had broken out of already.

So, you see that bullish consolidation really ever since back in April and May of this year. And then we're just starting to take the next leg up, which really is still right here at all-time highs.

But needless to say, it's in breakout territory right now.