The TQQQ meltdown of the past few days is appears earnings driven. Underlying the obvious is a market in which funds have crowded in to the tech sector making it a lop-sided bet for the smaller players. If tomorrow's unemployment data comes in above expectations, the market is likely to test the 44.00 handle, 38.2% of the recent run-up. If the jobs come in below 170k-ish, we should are likely to see a pop to the upside. I've got a light short position but note the weekly and monthly charts are still bullish.