QQQ Today’s Rally ≠ Bullish BreakoutToday’s rally into resistance doesn’t cancel the bearish structure - it just tested the ceiling again, like the ball bouncing off the ceiling one more time
Price bounced, yes, but it stopped right at the descending trendline and supply zone
Until QQQ clears $577–$580 on volume, this is just anot
Key stats
About Invesco QQQ Trust Series I
Home page
Inception date
Mar 10, 1999
Structure
Unit Investment Trust
Replication method
Physical
Dividend treatment
Distributes
Distribution tax treatment
Qualified dividends
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Invesco Capital Management LLC
Distributor
Invesco Distributors, Inc.
ISIN
US46090E1038
QQQ is one of the most established and actively traded ETFs in the world, albeit one of the most unusual. The product is one of a few ETFs structured as a unit investment trust. Per the rules of its index, the fund only invests in nonfinancial stocks listed on NASDAQ, and effectively ignores other sectors too, causing it to skew massively away from a broad-based large-cap portfolio. QQQ has huge tech exposure, but it is not a 'tech fund' in the pure sense either. The fund's arcane weighting rules further distance it from anything close to plain vanilla large-cap or pure-play tech coverage. The ETF is much more concentrated in its top holdings and is more volatile than our vanilla large-cap benchmark. Still, the fund has huge name recognition for the underlying index, the NASDAQ-100. In all, QQQ delivers a quirky but wildly popular mash-up of tech, growth, and large-cap exposure. The fund and index are rebalanced quarterly and reconstituted annually.
Related funds
Classification
What's in the fund
Exposure type
Electronic Technology
Technology Services
Stock breakdown by region
Top 10 holdings
QQQ Breakout vs BreakdownQQQ is flashing both a potential double top & a rising wedge, which are closely related bearish setups
1. Double Top (Top 1 & Top 2 around $583)
Price hits the same high twice, fails to break through, then rolls over
Not confirmed until QQQ closes below the “neckline” ($574–$575)
If confirmed,
QQQ Grind-Up, Not Power-UpA gap occurs when the price opens significantly higher or lower than the prior close, leaving an empty space on the chart
1. Common Gap
Small, often within a range
Usually filled quickly (price comes back to close the gap)
2. Breakaway Gap
Happens at the start of a new trend (up or down)
P
QQQ: Bearish Forecast & Outlook
Our strategy, polished by years of trial and error has helped us identify what seems to be a great trading opportunity and we are here to share it with you as the time is ripe for us to sell QQQ.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their
QQQ Nearing wave (3) Termination at 589The short-term Elliott Wave analysis for the Nasdaq 100 Index ETF (QQQ) indicates it is approaching the completion of wave (3) from its April 2025 low. This wave (3) unfolds as a five-wave impulse structure. Wave 1 concluded at 467.83, followed by a wave 2 pullback to 427.93. Subsequently, wave 3 su
QQQ Bearish Reversal vs Bullish ContinuationQQQ broke out of a huge consolidation box (2024 into early 2025)
That breakout projected a measured move of ~144 points (26%–36%), targeting $600–$630
Price indeed advanced strongly toward that zone before stalling
1. Bearish Case (head & shoulders or double top plays out)
Breakdown below $
QQQ Levels in PlayQQQ is coiling between $577–$583
$583.2 (Top 1/Fib 0%) is major resistance
$581 (Top 1/recent high) is lower high rejection
$578–$579 (current) sits just above Fib 23.6% (~$577)
~$571 (Fib 50%) is mid-support
~$568 (Fib 61.8%) is a critical downside pivot
$564–$563 (Fib 78.6%–82.6%) is a pos
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Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.
Frequently Asked Questions
An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
QQQ trades at 586.66 USD today, its price has risen 0.44% in the past 24 hours. Track more dynamics on QQQ price chart.
QQQ net asset value is 584.29 today — it's risen 1.13% over the past month. NAV represents the total value of the fund's assets less liabilities and serves as a gauge of the fund's performance.
QQQ assets under management is 368.00 B USD. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
QQQ price has risen by 0.67% over the last month, and its yearly performance shows a 25.18% increase. See more dynamics on QQQ price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 1.13% over the last month, showed a 11.50% increase in three-month performance and has increased by 25.90% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 1.13% over the last month, showed a 11.50% increase in three-month performance and has increased by 25.90% in a year.
QQQ fund flows account for 20.59 B USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
QQQ invests in stocks. See more details in our Analysis section.
QQQ expense ratio is 0.20%. It's an important metric for helping traders understand the fund's operating costs relative to assets and how expensive it would be to hold the fund.
No, QQQ isn't leveraged, meaning it doesn't use borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
In some ways, ETFs are safe investments, but in a broader sense, they're not safer than any other asset, so it's crucial to analyze a fund before investing. But if your research gives a vague answer, you can always refer to technical analysis.
Today, QQQ technical analysis shows the buy rating and its 1-week rating is strong buy. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1-month rating QQQ shows the buy signal. See more of QQQ technicals for a more comprehensive analysis.
Today, QQQ technical analysis shows the buy rating and its 1-week rating is strong buy. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1-month rating QQQ shows the buy signal. See more of QQQ technicals for a more comprehensive analysis.
Yes, QQQ pays dividends to its holders with the dividend yield of 0.48%.
QQQ trades at a premium (0.01%).
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
QQQ shares are issued by Invesco Ltd.
QQQ follows the NASDAQ 100 Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on Mar 10, 1999.
The fund's management style is passive, meaning it's aiming to replicate the performance of the underlying index by holding assets in the same proportions as the index. The goal is to match the index's returns.