QQQ Break or Fail?

Bullish Breakout

• QQQ breaks and holds above $575
  
• Calls with tight expiry (if momentum is strong) or slightly further out for safer time decay
  
• Needs broad tech confirmation (NVDA, AAPL, MSFT, META & etc)

Bearish Rejection

• QQQ fails to push above $575 and stalls
  
• Puts with tight expiry for momentum, or stagger entries to scale in
  
• If NVDA’s earnings fade spreads to semis, this path gains momentum
  

Current Bias

• Momentum is mid-stochastic (not overbought/oversold)
  
• That means the $575 zone is the decision point
  
• The trade will likely set up today/tomorrow - break or fail