QQQ Short-Term Sentiment Washout

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Steep one-day drawdown + fear spike often precedes short-term rebounds & so long as $585 holds, the setup favors a reflexive rally back toward $605–$610
  • 585–$600 is the active panic zone; heavy selling & volatility expansion
  • Next major support is $560–$570 which is the base from spring, if this breaks, larger correction risk
  • Resistance 1 at $605–$610 is the first bounce target/prior floor
  • Resistance 2 at $620–$625 is the intermediate target if rally extends multiple days

This looks more like a sentiment flush than the start of a prolonged bear move (at least for now) so confirmation signals to watch Monday
  • QQQ futures (NQ) green premarket +0.5% or more
  • VIX down 5–8%
  • Mega-caps (NVDA, MSFT, AAPL) showing strong premarket bids
  • RSI divergence or a hammer candle near $585–$590 intraday


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