QQQ Rising, Breadth Weakening
ADL (Advance/Decline Line)
Support/Resistance in Breadth
- NDX is near highs, but both NDFI (~60) and NDTH (~46) are well off their highs
- This confirms the mega-cap concentration
ADL (Advance/Decline Line)
- Still in an uptrend, but flattening
- Shows breadth has not broken down completely, but is stalling while QQQ pushes higher
- QQQ has made new highs, but the breadth line has failed to confirm (stalled since mid-2025, drifting lower)
- Peaks in breadth (~90) in early/mid-2025 corresponded with healthier rallies
- Recent rollover toward 60 while QQQ makes highs is a negative divergence
- Suggests underlying participation is thinning
Support/Resistance in Breadth
- NDFI 50 looks like a “line in the sand"
- If it breaks, breadth would confirm a bearish setup
- To sustain a bull case, NDFI/NDTH need to reclaim the >70
- 50–55 is important support, if breadth breaks down here, could confirm a market top attempt
- 70–75 is resistance - breadth must reclaim this to support further QQQ upside
I am not a licensed professional & these posts are for informational purposes only, not financial advice
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
I am not a licensed professional & these posts are for informational purposes only, not financial advice
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.