We recently bounced off of a point of control on the 3 hour timeframe for the QQQ. The previous high has been broken. A lower high seem to have been made as of Dec 3rd and rejected off of the 200 ema (purple) . The 50/20 (orange/green) ema has crossed and price could retrace 50% of previous high give this information. A 50% retracement of the previous high would put us at $393.