QQQ is in a bearish flag pattern; price may drop to fill a gap at 28,867 and test trend line support.
BearishHe framed it in days
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Verified InvestingPublished Oct 8 · 1 passage
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Ultimately, if you look at the hourly timeframe, this is a bearish move in a bearish flag pattern on the QQQ fund. This means we may continue to fall to even lower levels. If you look here on the charts, we have a gap to fill at around 28,867 points.
This is getting very close to the upward trend line of support , and I'll show you where it's coming from. I will go back in time . This is due to the lowest levels in March of this year.
Therefore , that area will be a support level if we see continued selling at the start of next week.
What this channel has said about $QQQ
Verified Investing has 9 calls on this stock; only the adjacent ones are shown.
2026-10-08BearishThis one
Ultimately, if you look at the hourly timeframe, this is a bearish move in a bearish flag pattern on the QQQ fund. This means we may continue to fall to even lower levels. If you look here on the charts, we have a gap to fill at around 28,867 points. This is getting very close to the upward trend line of support , and I'll show you where it's coming from. I will go back in time . This is due to the lowest levels in March of this year. Therefore , that area will be a support level if we see continued selling at the start of next week.
Direction flip
2026-09-30Bullish
Uh next up into the NASDAQ. Now, look at that. If this candle was at the top of the chart, that would be a topping tail. That does illustrate too just how robustly bullish everybody was until that final last couple 10-minute candles on the chart. Look at that bull flag. Then all of a sudden, whoop, now we got a potential topping tail. Now, again, let me just clarify. This does not qualify as a topping tail. There's price action all around it, just right next door. So, that would need to be at a high point on the chart. But, geez, that selling pressure with that big wick in the final 10 minutes, we'll have to see if that carries into tomorrow.
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