Base rate for QQQ 1d up ~54%. Evidence overrides: Nasdaq-100 futures down ~2.7% Wednesday morning, semis (Micron, Sandisk) plunged ~13% Tuesday with Micron earnings after the bell as added risk, and rate-hike fears hit high-multiple tech hardest. Prior shifted ~18pts toward down. QQQ closed -3.3% on the prior session, momentum negative. Moderate-to-high confidence → down.