$QQQ, an ETF tracking the Nasdaq-100 Index, has experienced significant declines recently. It closed down 8.5% from its July peak and has given back half of its August rebound. The ETF is now trading around the low of the day, down 2.24%, with sentiment turning extremely bearish. Additionally, $QQQ filled the gap from August 13, indicating a potential technical support level. It has -1.5% to go.