Stock Moe on $QQQ (Nov 2, 2026)
QQQ is expected to fall toward 660–661, when rather than if; if 660 fails, 634 is strong support and 600–634 the ultimate bottom zone. A 15–20% drop from the high (around 600) is seen as healthy and needed, after which buyers should return before a move up.
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And then there's the matter of Q's or the overall market.
Now, regarding the Qs, I warn you that I am observing this as I speak. And you can see, we're going down. And I told you before that we will go down towards 660, 661. To me, it's a question of 'when', not 'if'.
So, now I feel like tomorrow will set the scene for this one way or another. And we'll see how that goes. If we fail at 660, the final bottom is, you see my double line here, 634.
That is very important. I think we will find strong support at 634. If it's 634, we're looking at a 15% drop from the highest level, maybe a bit more. And in my opinion, the correction was 15 to 20%.
These are the lines I was looking for. So, if we subtract 150 from that, we'll be down to around 600. Let's say 600. That is the final line. So, this zone of mine is, Hey Mo, what are you doing?
Friends, this is one of those days, I tell you. Right here. Can you see this zone? Below 634, and it's Qs, QQQ, that is, for the Nasdaq 100, up to 600. This 5%, to me, is going to be an ultimate bottom zone.
Why is it so narrow, Mo? Because we don't know what the situation will be, how income and other things will stand, but I believe that a 15 to 20% drop would be healthy, it was needed, we have come a long way, everything was at the level of madness.
Once we get here, I think you'll see shoppers flocking in droves. Why? Look, right here, you can see it. There was a lot of buying and selling here, then we went down and broke down.
This will be a normal retesting zone before we move up. And you will face extreme fear.
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