Is This The Bull Trap?

Highs on the QQQQ were reached 16 January @ $45.40...the recent swing low of $43.50 gives us a range of $1.90 to play with...let's play with the Fibonacci retracement levels...

$45.90 100%
$44.67 61.8%
$44.45 50%
$44.23 38.2%
$43.50 0%

We sit this morning @ $44.30...I'll be looking for $44.45-$44.67 to hold back the buying here and maybe get short either via the NQ futures or those pesky March $44 puts (QQQOR) if the market internals are not mega bullish...REMEMBER:ALWAYS LET THE MARKET TELL YOU WHAT IT WANTS TO DO...see you in the action...jfg.