QQQ Update 📈
QQQ remains bullish overall, with the Nasdaq-100 recovering strongly from the July correction. QQQ has gained about 8.9% since July 29, although momentum is currently pausing.
Key resistance: $724.66 → $730
Bullish breakout: Above $730 could open the way toward $740–$745
Support: Around $720, then the recent breakout zone
Trend: 🟢 Bullish while price holds above key support
The broader Nasdaq also remains strong, closing near record levels on Aug. 13, but Friday's session saw some profit-taking in tech/chip stocks.
My bias: 🟢 Buy-the-dip rather than chase a breakout. A clean move above $730 would strengthen the bullish continuation setup.$QQQ
QQQ remains bullish overall, with the Nasdaq-100 recovering strongly from the July correction. QQQ has gained about 8.9% since July 29, although momentum is currently pausing.
Key resistance: $724.66 → $730
Bullish breakout: Above $730 could open the way toward $740–$745
Support: Around $720, then the recent breakout zone
Trend: 🟢 Bullish while price holds above key support
The broader Nasdaq also remains strong, closing near record levels on Aug. 13, but Friday's session saw some profit-taking in tech/chip stocks.
My bias: 🟢 Buy-the-dip rather than chase a breakout. A clean move above $730 would strengthen the bullish continuation setup.$QQQ