The QQQQ has just touched the March 2008 low of 41.05 with an early morning high of 41.08. It would be surprising if this level could be surpassed on the first try. I expect it may require two or three attempts. The continuation of the rally obviously depends on a successful move through this resistance zone. The current pattern in the Qs could be an expanded flat correction, which would allow for a retest of the August low, possibly occurring as a sharp selloff lasting about two to three days. In any case, some sort of pullback is likely here.
Failure to breach the 41.05 level would likely mean that the rally is coming to an end sooner rather than later.