QQQ: High-Level Digestion Pattern

QQQ-- From the perspective of the (supposedly) more interest rate sensitive QQQ (Nasdaq-100), as long as support from 376 to 374.30 contains forthcoming weakness, the QQQ setup will remain in a high-level digestion pattern (385-388 vs 374-376) that EITHER will resolve itself in another thrust to new highs above 387.98 (7/19 high) probably in a positive reaction to AAPL and AMZN earnings Thurs after the close, OR in a breakdown below 374.30 that will lock in the last three weeks as a near-term top formation that projects lower into the 365-363 as the initial downside optimal target zone (a negative reaction to earnings)… Last is 379.53...