The Nasdaq broke through and pulled back for a long position. If it hits the line, the corresponding position for QQQ is roughly 727-728, with a maximum drop to this level. Also, keep an eye on the 10-year U.S. Treasury yield at 5.2-5.25%, which might get pushed down, as well as the midline of the rising channel for oil, which could also get pushed down. Once 10Y and oil peak and pull back, U.S. stocks will rebound.