Heavy selling

It is rare that a 4% move occurs in one day in the QQQQ, but this happened Thursday in heavy waves of selling.  Friday's open was pointing to some calm, but selling has resumed as we write this (9.46 am EST) and the index is down 25 cents.  There doesn't appear to be a bottom nearby for support.

New weakness trend in Nasdaq 100?

Although it took a while to play out, June seems to be marking the QQQQ for weakness ahead.  The index is having trouble getting any footing, and our model indicators are pointing to further problems in the index.