A Daily Swing Trade

QQQQ: The bears were able to push the QQQQ down toward the combined support of the 15-day moving average and the ascending trendline. Friday's sharp move below the trendline suggests that we may see a move lower across the broad markets and it will be interesting to see if this decline will cause a sustained breakdown, or if the bulls will be able to respond and push the index back above the trendline...