Invesco QQQ Trust Series I

$QQQ Longer Viewpoint

170
QQQ is lagging behind SPY and has not reclaimed ATH 'yet.'

Looking at the weekly time frame, we can note that QQQ has been bouncing off the trendline that started back in JAN 2023.

It has touched and bounced off that trendline 3x so far:

-MARCH 2023
-OCTOBER 2023
-AUGUST 2024

Each time it bounced, it ran for approximately 100pts + and took roughly 124 - 140 days before consolidation and/or a correction / retracement / pullback occurred.

From a technical standpoint, QQQ will attempt at All Time Highs (ATH) at $503.52 again. We have to be conscience of the divergence between SPY and $QQQ. SPY has already made a new ATH while QQQ is lagging behind.

If ATH is broken on QQQ and price move similarly to the last two weekly trendline bounce, then price could reach $528 and some change before possible consolidation and/or a correction / retracement / pullback occurred with a timeline of around mid-December.

Failure to reclaim and/or break ATH can cause QQQ to return back to the trendline.

This is NOT financial advice but an opinion.

면책사항

이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.