Verified Investing on $QQQ (Oct 30, 2026)
QQQ remains inside a rising weekly parallel channel dating to the April 2025 lows, with support at $683.69; should selling pressure continue into next week, decent longer-term buying opportunities could appear at the channel bottom near $656.93.
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Next up, we flip to the Q's. The QQQ, the NASDAQ 100. We can see pre-market nice decline with Amazon as well as Intel under pressure this morning. and I have support at $68369.
Much like the S&P 500, the cues have been contained within this larger inclining parallel channel that you see on the weekly time frame in encapsulating the April 2025 lows. So, you can clearly see the support all the way up here at 683.
But should this selling pressure continue and extend into next week, we could actually have some pretty decent long-term buying opportunities on the NASDAQ at the bottom of this parallel channel right around $656.93.
What this channel has said about $QQQ
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