The QQQQ has spent the past several weeks moving sideways as traders try to decide on the market's near-term direction. The bears were able to keep the QQQQ below the trendline, which is still suggesting that the uptrend could be becoming exhausted in the short term. Last week we also noted that the 100-day moving average crossed above the 200-day moving average, which generally signals the beginning of a longer-term uptrend. Given this bullish moving average crossover, we still believe that the upward momentum may get exhausted in the short term, but it could prove disastrous for traders looking to short the QQQQ because the moving averages are now in the proper order that traders look for when confirming a strong uptrend.