QQQ confirmed a breakdown of its trendline from November 5, 2024 and keeps selling instead of bouncing; near term it must hold the 30.07 pivot and round 30, else it heads toward the 29.82 gap, and a downward move is expected, while 2592 support is an excellent long-term entry.

Okay, let's move on to INQ. As we can see here, we are breaking down, and we have confirmed the breakdown from this upward trend line. This is from November 5, 2024. As you can see, there's a sharp sell-off here.

We thought we'd get a bounce, but we didn't really and broke down. Then we pulled back during the day and since then we've been continuing to sell. Today the stock fell by another 2% instead of rebounding initially as I said, but this weak rebound continued to fuel selling.

So in the near term, you just need to watch this low pivot point from Thursday at around 30.07, and see if the price can stay above the round number 30. If it doesn't, we'll be heading down, and there's this little gap here at 29.82.

But I'm more inclined to look down here. Therefore, this still needs some time based on swing trading. It should be a downward move; there is a gap here at 2659, exactly here on March 30, 2026.

Then the swing bottom pivot support is here, at 2592. This candle here, as you can see, the price jumps over this trend line and bounces off it here. So, in that area, I think it's an excellent opportunity for a long-term center.

Also, if we look back a few years, you'll find some previous pivot points here as well, at $2,526.