QQQ: Could Tech stocks REVERSE? These KEY POINTS will guide you!

• QQQ is trading around a key support level, made by the 38.2% Fibonacci’s Retracement + 21 ema;
• If QQQ loses this dual-support level, the momentum might be strong enough to make it retest the 61.8% around $272;
• In addition, if this scenario materializes, QQQ would do a bearish structure (lower high/low), indicating that the bear trend will persist a little bit longer;
• However, QQQ has been correcting while the volume decreases, indicating weakness rather than a sell-off;
• Either way, a bullish thesis would gain strength only if it breaks the $293 area, triggering a bullish pivot point;
• A bullish scenario would have the gap at $307 as our first target;
• Either way, QQQ looks interesting, and regardless of what happens, we must pay attention to these key points for now.

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