QQQ (10 October)

153
The 50d MA often acts as the first line of defense in bull markets
  • When the price breaks below its intraday high and then reclaims it within 1-3 sessions, it is considered a bullish continuation setup
  • Historically, QQQ tends to bounce 3-5% after reclaiming its 50d MA following a 2-3% flush

So if QQQ closes back above $595, it could accelerate through $600–$610 toward prior highs near $615–$620
  • Today's drop is a retest of intermediate trend support, not a deep structural breakdown

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