The Invesco QQQ Trust (QQQ), which tracks large-cap technology stocks, has been experiencing notable market dynamics this week. Analysts have observed a potential head and shoulders pattern forming, indicating a possible trend reversal. Following recent earnings reports, large-cap tech stocks have shown a weaker performance compared to the broader market, with a critical support level identified at the 50-day moving average near 490. Market participants are closely monitoring this support level amid the current pullback. Additionally, recent trading signals suggest a continuation of selling pressure, indicating that the market may be in a distribution phase.