The ascending trendline that we've mentioned in our last few reports continued to prevent the QQQQ from slipping lower, and its role will become even greater as the bulls are getting closer to sending the index toward the resistance of $43. One point of interest is how the QQQQ has been unable to slip below the support of the 15 DMA since it reversed the downtrend in mid August. We'd expect to see the bulls continue to drive the QQQQ higher and will watch closely to see how the $43 resistance will be able to affect the short-term direction of the price.