QQQ is neutral/consolidating after an intraday fade, with near-term support at $712.50.

Now, into the Qs. The Qs actually remained somewhat neutral today. You see they're down 0.08%, but if I flip to the 10-minute chart, that really all happened after 2:30. Cuz as you see here, the Qs bounced.

We actually gapped up, and then when we bounced, we went positive, and we remained positive from about 11:00 all the way until about 2:30, in which the selling just increased throughout the afternoon.

Remember last chart, we had the close making new lows of the intraday price action, which would have been down here for the Qs down at 715.57. So, the meantime, despite the Qs being down 0.08%, tech did lift the markets or keep them elevated for other selling that could hit the markets later on.

But right now, the Qs are saved, putting in 2 days of consolidation after this 3-day bounce that we've seen. We'll see if that pressure starts bleeding into tomorrow, where we could see some downside with the near-term support being this high pivot at $712.50.