As bonds fall rates go up. Something is off. Could this be related to the Fitch downgrade? Look at the red spikes. The market cannot fight rising rates. The QQQ short term up-trend, at 65 days is getting old. Most end before this, see chart below for 2006-2019. The end of a short term up-trend does not necessarily signal the beginning of a large down-trend, only a short term down-trend.