QQQ lags S&P at ~4% below highs; breaking downsloping trendline could signal breakout and higher moves.

But just something to keep in mind on the Q's also having a great day today. Up about 1.1% passing that gap fill from Wednesday, right? And while we're testing all-time highs on the S&P, it's not the case on the keys.

And I talk about this so much, but the decoupling between the S&P and the Q's where the S&P is pushing towards new all-time highs. Q's are kind of stuck down here um well off down about 4% from their previous highs.

But that doesn't mean that you know that there's no hope for the Q's where I'm looking at this potential break of this downs sloping trend line. Let's say the the Q's begin to push up over this.

We could be looking at a breakout scenario, potential entries here or potentially on a retrace back and looking for another move higher here on the Q.