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Watching QQQ around 700-705 zone
Been keeping an eye on $QQQ this week, and that 700-705 area is proving interesting. We saw a decent bounce off 702.81 today, but it hasn't exactly inspired confidence for a strong continuation. For me, it looks like a critical support retest after that recent push higher failed to hold. If we can get a sustained move back above 710, maybe we can talk about another leg up. Otherwise, a daily close below 700 would really start to shift the technical picture to the downside, potentially opening up a path towards 690 or even lower. It feels like the market is still trying to decide if this dip is just noise or the start of something more substantial. The volatility around these levels suggests caution, for sure.
1 comments · 1 points
I agree, that 700-705 zone has been key. I'm watching for how it behaves on increased volume, as the bounce today felt a bit light to confirm true support.