🟢 QQQ Update
QQQ is around $733, after a strong recovery from the July weakness. Recent technical analysis says the ETF has gained about 8.9% since July 29 and is now consolidating in a bullish pattern.
Key levels:
🟢 Support: $724–$725
🔥 Breakout: $730–$735
🎯 Above $735 → $740–$745
🔴 Lose $724 → momentum could weaken toward $715–$720
Bias: 🟢 Bullish while QQQ holds above $724. A decisive move above $735 would strengthen the continuation setup.
Macro backdrop is also supportive: Nasdaq-100 futures were slightly higher Monday as markets reassessed Fed rate expectations. $QQQ
QQQ is around $733, after a strong recovery from the July weakness. Recent technical analysis says the ETF has gained about 8.9% since July 29 and is now consolidating in a bullish pattern.
Key levels:
🟢 Support: $724–$725
🔥 Breakout: $730–$735
🎯 Above $735 → $740–$745
🔴 Lose $724 → momentum could weaken toward $715–$720
Bias: 🟢 Bullish while QQQ holds above $724. A decisive move above $735 would strengthen the continuation setup.
Macro backdrop is also supportive: Nasdaq-100 futures were slightly higher Monday as markets reassessed Fed rate expectations. $QQQ