In my opinion QQQ is well beyond extended and ripe for a pull-back. It's well outside of the top range of the Bollinger Band on the monthly, and reaching the top on the weekly/daily.
Not trading advice, just something to be aware of.
Catchup trade for those jumping off of AAPL or who didn't participate.
I expect this move because of the technicals (back above the 8day MA) and the foreign cloud contracts announced Friday will begin to be reflected in the price. All aboard!
***Not trading advice.