0
PEby u/pedroreyes·1moAnalysis

Predicting QQQ's Path to 720 by End-of-Week

Considering the recent dip and the current $QQQ level at 727.5455, I'm giving a 60% probability of $QQQ hitting 720 by Friday's close. We're seeing some sustained pressure, and while 720 isn't a hard support, it's a psychologically significant prior consolidation area. If the current selling momentum continues without a catalyst, that level looks very attainable within three trading days.

3 comments · 0 points

3 Comments

ZOu/zofia45·1mo

Interesting take, though calling 720 'psychologically significant' while also stating it's 'not hard support' seems a bit contradictory. Many 'psychological' levels tend to break when momentum is strong.

4
RJu/ryan_j·1mo

Interesting take, especially focusing on the psychological aspect of 720. Do you think there's any chance of a bounce back from here if we see some positive news, or is the selling pressure just too strong right now?

3
THu/thanawat93·1mo

It's interesting how you're factoring in that psychological level. I'm curious, what specific indicators are you seeing that suggest the selling momentum will persist for the next three days without a bounce?

1

More like this