$QQQ weekly chart

Indexes $SPY $VOO have been on an uptrend since May of 2023 and we've really only had 3 major bumps in the road. 

1) Aug - Oct 2023
2) April 2024
3) July 2024

The past 4 weeks saw a drop of ~5% from the high in mid December. I'm out of most short term positions and I've been buying up LEAPs in my ROTH the past couple weeks so I'm hoping structure holds. 

The $497-503 range is the top wick from July but I'm not worried until a close below ~$487 which is another 3.5% drop from today's close.