$QQQ Approaching Interesting Level

The Q's have pushed all the way up to $368, which if you have seen my analysis before you probably know that I have been watching that level for a while. $368 happens to be the 1.618 retracement from the 2008 lows to the pre-covid high:


In addition to that retracement, this area also happens to be the 1.618 from the February lows to the recent swing high. I have also drawn in a trendline on this chart that could potentially act as resistance. I'm not saying the market is neccesarily bearish because of this, but I do think that this area is important and could definately have an impact on the markets, especially since several mega cap companies release earnings soon. Good Luck!