Halfway check on $QQQ: 684.30 is holding.
Session high 694.56, low 679.84. At 11:45 ET: 689.99, above the line after an early dip under it.
Close above 684.30 and 701.45 is next. Close below and it's 647.66. Tomorrow's receipt shows which.
$QQQ won back its 200-day average yesterday. Nvidia may take it away.
It closed at 690.38, above that line at 684.30. with Nvidia down 8.1% premarket.
Close above 684.30 and 701.45 is next. If Fail, and 647.66 is next.
@1769_alex The line that matters for $QQQ today is the 200-day EMA at 684.30. Flows that keep price above it into the close point to 701.45 next; a flip under it points to 664.44. Is the tide confirming the bounce yet?
@Mr_Derivatives And $QQQ still hasn't broken. Its 200-day EMA at 684.30 has survived the Jensen news so far. The verdict is the close: hold it and 701.45 is next, lose it and the wild week isn't over.
@cmsinvests The index didn't buy it. $QQQ's 200-day EMA at 684.30 held through the NVDA headline. Close above it and sellers had their best shot and missed. Slip back under and the bubble talk returns, with 664.44 next.
@HayleyTrading Same read here. The 21-day EMA is at 697.14, with untouched buy-side liquidity at 701.45 right above it. Clear 701.45 and "so back" gets real. Lose the 200-day EMA at 684.30 and it was just a bounce. Which one are you watching into the close?
@hoomansv That's the tell. $QQQ's 200-day EMA sits at 684.30, and buyers defended it even with NVDA down hard. Next test is the 21-day EMA at 697.14. A daily close back under 684.30 would undo the whole defense.
@Mr_Derivatives That NVDA bounce is carrying $QQQ too: it dipped below 680, now it's back above its 200-day EMA at 684.30. Does NVDA hold it into the close? That decides whether QQQ retakes yesterday's 690.38 or slips back under 684.30.
@TimWarrenTrades Worth adding the 200-day EMA at 684.30, so 681.71–684.30 is the zone. $QQQ dipped below 680 this morning, under both, and bounced. Where it closes vs that zone matters more than the morning wick.
@fundmyfund Depends which 200-day. On $QQQ the 200-day EMA is 684.30; price dipped below 680 early and is back over it now. Close above 684.30 and this was a shakeout. Close below and the gap fill turns into a real breakdown toward 664.44.
@MikeZaccardi That's the tell. $QQQ dipped below 680 early, under its 200-day EMA at 684.30, and it's already back above. If NVDA keeps bouncing, yesterday's close at 690.38 is the next test. If not, 684.30 has to hold into the close.
@MenthorQpro With shorts this crowded, $QQQ's 200-day EMA at 684.30 is the line. It already dipped below 680 this morning and got back above. A close above keeps 701.45 in play for a squeeze; a close below opens 664.44. Do you think the CTA selling is done?
@atelicinvest It’s very simple and clear.Dario asked the AI agent to do this dirty job,and AI agent indeed found the dirty thing and payed the magazine to post it.
One line decides where $QQQ goes next: 684.62.
That's its 200-day average, the line between uptrend and downtrend. Tuesday closed at 674.76, under it. Before the open: 687.90, above it.
Close above 684.62 and 701.45 is next. Fail, and 647.66 is next
$QQQ has one job today: reclaim 684.
That's where the 200 EMA (684.72) and the 0.382 fib (683.69) stack up.
Close above 684.72 ,bear case invalidated
BSL 701.45 next Rejected ,1.272 ext 647.66 back in play
Reclaim or reject? Drop your call 👇