$QQQ is trading above - the VWAPs anchored to the June 3 '26 high and the July 29 '26 low, and - the 5-day EMA, the 55-day EMA and 50-day SMA. Also, it trades comfortably above the point of control of the volume profile anchored to the June 3 '26 high. This is very good. Is $QQQ in the process of putting in a local bottom? We don't know for sure yet, but for now, nothing in the chart indicates that the bears have the upper hand. On the contrary, $QQQ has just printed a higher low. Can this potentially change? Yes, of course; anything is possible. But if one solely looks at the chart as it presents itself right now, I would say that this might signal the return of the bulls... Maybe we're so back? I hope so... ✨