Monday reversal

Monday began with a continuation to the upswing seen last week in the QQQQ, but reversed during the session.  We think this will likely set a bearish tone for the rest of the week in the QQQQ.

Current topping process?

The current 'cosolidation' in the QQQQ on Friday and Monday's session could mark an important top.  Having been on a surge for several weeks, the QQQQ has outperformed the S&P aggressively recently and seems prime for a pullback.