The 50d MA often acts as the first line of defense in bull markets
So if QQQ closes back above $595, it could accelerate through $600–$610 toward prior highs near $615–$620
- When the price breaks below its intraday high and then reclaims it within 1-3 sessions, it is considered a bullish continuation setup
- Historically, QQQ tends to bounce 3-5% after reclaiming its 50d MA following a 2-3% flush
So if QQQ closes back above $595, it could accelerate through $600–$610 toward prior highs near $615–$620
- Today's drop is a retest of intermediate trend support, not a deep structural breakdown
I am not a licensed professional & these posts are for informational purposes only, not financial advice
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
I am not a licensed professional & these posts are for informational purposes only, not financial advice
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.