QQQ Battlefield Map

1. Immediate Support Holds (~55%)

QQQ consolidates above current levels
A push above $583.32 (recent high) would confirm bullish continuation
$589–$590 or retest of envelope top/channel resistance
$600 is a round-number magnet & could trigger breakout momentum
Extension to $607–$610, based on measured move from the last swing
Biggest shelf (high-volume node) is $565–$575
This matches where QQQ has been consolidating with lots of buyers & sellers

2. Break Below $560s (~35%)

Signals loss of short-term momentum
Eyes turn toward $540 (23.6% Fib) - first real downside test
Major support in the area of $529–$540
100d SMA ($529) + Fib ($540) is a critical test
Bounces & dip-buyers defend trend
Failure & trend weakens significantly
Secondary shelf at $520–$530 perfectly lines up with Fib 38.2% ($514) & 100d SMA
Low-volume gap at $545–$555
If QQQ breaks under $565, it can slide fast into this pocket before stabilizing at $540/$530

3. Deeper Downside (~10% - unless macro shock)

$493 (50% Fib) is midpoint retrace, strong demand area (if market turns risk-off, this is the magnet)
$472 (61.8% Fib) is the golden ratio area of support
If this breaks, trend structure flips bearish with risk toward $440–$433

pakoumal

I am not a licensed professional & these posts are for informational purposes only, not financial advice

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pakoumal

I am not a licensed professional & these posts are for informational purposes only, not financial advice

Also on: