The Nasdaq-100 ETF ($QQQ) has experienced a significant decline, falling for five consecutive days, marking a 4% drop. This pattern mirrors a similar decline that occurred 11 months ago. Analysts are watching closely as the ETF approaches key support levels, including the 50-day moving average around 490 and the gap down area near 478. Historically, such declines have often been followed by a rebound, and some indicators suggest a potential bottom. The ETF saw an intraday low of 494.50 and a high of 500.50, and there is speculation about a potential sixth consecutive red day.