While the SP500 and the Dow made new rally highs today the IWM just managed to make a second retest of its broken trendline. Volume lagged on today's rally as well for most indexes. It may seem that a top will never come, but this rally is getting well beyond the average time and gain for stock market rallies, and there will be a top of some kind.
It is likely the Qs will make at least a token new high, but it is not a certainty. Friday's low remains the key level for confirming the downtrend.
The MACD remains on a negative divergence sell signal until it rises above its January 18 high.