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Thoughts on QQQ reaching 715 this week
I'm giving $QQQ about a 40% chance of re-testing its daily high of 715.55 before Friday's close, assuming we don't get any major negative news. The current dip seems more like profit-taking, and with AI sentiment still strong, I reckon there's enough underlying bid.
3 comments · 3 points
While the profit-taking theory holds weight, I'm less convinced about hitting 715 this week without a significant catalyst. The market feels a bit stretched, and any upside might be limited to consolidating recent gains rather than pushing new highs immediately.