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$QQQ holding 700ish after recent dip, watching for a bounce or further breakdown
It looks like $QQQ found some tentative support around the 702.81 level today, after hitting a daily low there. The broader market sentiment isn't exactly robust, so I'm not overly confident this holds, but a retest of 715.55 wouldn't surprise me if things stabilize tomorrow. A clean break and close below 700, though, and we're likely looking at more downside, potentially testing the mid-690s. Always a risk with these sharp moves.
3 comments · 1 points
Good points. That 700 level is definitely key; seeing if it can hold through the week will be telling. Watching volume closely for any confirmation.