$QQQ - Observing the 700 Level for Support/Resistance

Been watching $QQQ pretty closely today, and that 700 psychological level is becoming a bit of a focal point for me. We dipped below it slightly early in the session, hitting a low of 702.81, but then reclaimed it with some conviction. Now trading around 706.52, it feels like we're consolidating right on top of what could become a significant support area. If we see a sustained break back below 700 and especially if it dips towards the 695-690 zone on decent volume, my current thinking would be invalidated, and I'd reassess for a deeper correction. For now, the resilience around 700 is keeping my attention.