Verified Investing on $QQQ (Nov 2, 2026)
QQQ closed below support, which raises but does not secure the odds of somewhat more downside; it is nearing the bottom of a parallel channel that coincides with the July low pivot, near-term support at $661.14, where the channel bottom arrives November 13th.
Jump to any passage
Uh next up into the cues guys I called that out perfectly last Friday morning. If you guys did catch I filled in for Gareth Soloway who was out of the office that morning and that was the low Friday morning 68369.
Got a good bounce uh up off of that. But today guys, closing underneath this support level. So that increases probabilities. It doesn't secure it, but it increases probabilities of a little bit more downside to go.
Now, notice too, we've got the cues much like the S&P 500 navigating parallel channels. Now, this one, as you see, is getting closer towards the bottom end of that parallel, which also coincides with this low pivot that occurred on the chart in July.
Now, this chart as well as the NASDAQ are going to be fairly similar because or pardon me, this chart as well as the semis are going to be fairly similar with this key level pivot acting as the near-term support.
This low level is at $661.14. If I go straight over on the chart, you can see the bottom of that parallel come straight into contact with this price on November 13th.
What this channel has said about $QQQ
Verified Investing has 20 calls on this stock; only the adjacent ones are shown.