QQQ - Make or Break

QQQ is sitting near what I consider to be the last line of defense for bulls. A break below the uptrend here would likely lead to an extended sell off. A lot of stocks and indexes are around major levels, so I think there is a lot riding on NFLX earnings today.

NFLX earnings could lead to gap down below the uptrend for QQQ, or a move all the way back up to erase this week's sell off.