QQQ finally broke above the high from October 1, but just barely. If it can sustain above, the new range would be from about 488 to 494. Next upside target would be ATH, it has a pretty clear path back up there if it holds above 488-490 here IMO.

A gap below 488 tomorrow would be bearish, first downside target would be the trendline below and then back to 479.
Chart PatternsTrend Analysis

Short Thesis:
advancedplays.com/short-thesis.pdf

Disclaimer:
The ideas I post do not always represent my positions and they are intended for educational purposes. Trading is risky, most traders lose money!
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