Why The Q's are Off on Their Own

This morning the QQQ is up while the SPY, DI and IWM are down. Here's a possible reason.

 The DIA did make a new breakout closing high as well as an intraday closing high.

 The IWM made a clear breakout close

 The Q's did make a new recent closing high, but there's a much juicier level close by that would attract a lot more buyers, the other averages aren't as close to this area. Remember the post last night and why there's a need for false breakouts.

The SPY made a new recent closing high, but again is far from making a new high. It's not so much the high or the breakout location as it is about finding a zone that creates buying interest for the reasons I mentioned last night.