The QQQQs made it up to the first target level at the 5 day MA and it has just decisively broken below the daily VWAP, that means the average buyer is now losing money if they bought the QQQQ today, not a good sign in a downtrending market. I am short the QQQQs here and something tells me this could the beginning of a severe short term lower. My stop is just above 38.80 and I plan on lowering it as the market declines further. This could get serious, be very careful.