QQQ is at a new historic high with an upward trend; next major move depends on Micron earnings.
Bullish
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InvestAnswersPublished Sep 30 · 1 passage
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The Nasdaq index (QUOS) has reached another new historic high. Last week I said that the buy signal and trend were very strong. It looked like it was going to reach another new historical peak, driven by artificial intelligence, and it did .
We achieved a new historic peak four or five days ago. So that's it . The QQQ fund is currently hitting this level here. The trend is still upward, and the big move in the Nasdaq will be driven by Micron's earnings tonight after the close.
What this channel has said about $QQQ
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2026-09-30BullishThis one
The Nasdaq index (QUOS) has reached another new historic high. Last week I said that the buy signal and trend were very strong. It looked like it was going to reach another new historical peak, driven by artificial intelligence, and it did . We achieved a new historic peak four or five days ago. So that's it . The QQQ fund is currently hitting this level here. The trend is still upward, and the big move in the Nasdaq will be driven by Micron's earnings tonight after the close.
Direction flip
2026-09-02Bearish
QQQ funds tend to continue to weaken. I said last week that the trend was still downward and decoupled from the S&P 500, and that has proven to be true. We are still heading downwards, but very steadily.
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