The 50d MA often acts as the first line of defense in bull markets
So if QQQ closes back above $595, it could accelerate through $600–$610 toward prior highs near $615–$620
- 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
I am not a licensed professional & these posts are for informational purposes only, not financial advice
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I am not a licensed professional & these posts are for informational purposes only, not financial advice
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.