The tech-heavy $QQQ gained +0.74% for the week. Similar to $SPX, $QQQ rebounded via finding support on its rising 10-day moving average.
The support level to watch for $QQQ this week is revised up to 274, undercutting its current rising 10/20-day moving averages.
Bull Case: Reclaim above 293 the immediate classical resistance.
Bear Case: Breakdown of 274 level, undercutting its current 10/20-day moving averages.. The next support level is at 260.
The support level to watch for $QQQ this week is revised up to 274, undercutting its current rising 10/20-day moving averages.
Bull Case: Reclaim above 293 the immediate classical resistance.
Bear Case: Breakdown of 274 level, undercutting its current 10/20-day moving averages.. The next support level is at 260.