QQQ Post Powell Move w/ Range Expansion

QQQ closing right in the middle of the down channel at ~$563, which is a key battleground ahead of Powell

• What’s “developing” is either a base at $563 (could support a bounce) or a bear flag (if bounce fails)
  

1. Dovish Tilt (hinting at cuts/easing)

• Dollar & yields drop, then QQQ rallies
  
• Break above $566, tests $570 quickly
  
• If $570 breaks, upside gap-fill to $575–$577 possible
  

2. Neutral (balanced/data-dependent)

• Market chops inside $561–$570 range
  
• Expect whipsaws; QQQ likely oscillates around $563 pivot line until close
  

3. Hawkish (higher-for-longer/inflation worry)

• Dollar & yields rip higher
  
• QQQ loses $561, then flush toward ~$558
  
• If momentum builds, $553–$555 opens fast