Given the drop is pretty fast today (was initially hoping for some zig-zag to get to 50D MA), the bounce off this 50DMA test is going to be "VERY" crucial.
If QQQ does a weak bounce and comes back and breaks 50D again, I am looking for a 10% correction at minimal coming for QQQ.
If the bounce from this 50D MA is strong, then we have a chance to grind to a new ATH eventually.