QQQ has barely broken the blue up trend line today, but I would give it just a little room here. You can see that it is trying to find support above the highs from a two weeks ago. If it can hold there, above the green support line, it will likely try to go higher again. Wait for a close below the green support line before selling, but if it does close below, it is time to sell with the MACD now pointing down.
Chart courtesy of StockCharts.com
Eventually, when support is broken, QQQ is likely to head down to near the red line which is the support of a previous high. At that point it would be time to consider buying again and drawing a new up trend support line.
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