QQQ: 718.32 is the flush line, 724.55 the reclaimInvesco QQQ Trust Series IBATS:QQQCool-OffSniperWednesday drew one line and tested it twice. QQQ flushed in the morning to 719.72, built a double low at 720.30 into midday, and accepted above 724.55 — a level that capped price all morning — closing at 725.21, near the 727.95 high. Then the evening took it all back: overnight QQQ slid through the level to 719.47, and Thursday opens below the line, sitting on 718.32, the first support. The test now runs the other way — 718.32 is the flush line, 724.55 is the reclaim. What Wednesday proved: location against the flush decided everything. The long entry that fired early, into the unfinished flush, failed — the low came after it. The entry that printed at the completed double low, with 30m and 2h bullish divergence underneath, carried price through the level. Same instrument, same day, same direction. The print was never the edge; where it printed was. Thursday's decision tree: Hold 718.32 — the flush completes here: the 30m washed hard overnight and the divergence stack sits underneath. A completed low at this shelf is the bounce location, and a 15m close back above 724.55 turns it into acceptance, second attempt — 735–740 opens again. Lose 718.32 — next is 716.57, then the 710.65 demand. No front-running on the way down: the long only exists when a flush completes, same as Wednesday. Gap back over 724.55 on the claims print — acceptance attempt number two; it has to hold the first 15m close above the line, or it's just a wick into supply. Context: jobless claims at 8:30 ET can gap the test either way, the leading index lands at 10:00, and with the FOMC next week the multi-month range is still the regime — levels over narratives until one breaks. Does the flush complete at 718.32, or does the ladder extend? Watch the first 15m close — against 718.32 on the downside, 724.55 on the reclaim.