QQQ is still in high levels - longer term uptrend is not yet broken. As volatility has picked up recently, this correction might go deeper. This wouldn't surprise me, even if I don't like to short QQQ here.
I think this most recent correction is a short-term bottom. I see resistance at the 95 level. I would not be surprised if we even retest the highs, but I feel the party is over for the QQQ's they will be one of the last to fall.