The $QQQ just crossed -3% today. That's a proper selloff in tech land. When the Nasdaq 100 bleeds this hard in a single session, it usually means something broke—either a narrative, a data point, or just overleveraged positioning getting unwound. Watch how this closes. If we're grinding lower into the bell, that's distribution. If we catch a bid in the final hour, it's just another shakeout. Either way, volatility is back.