T3 Live on $QQQ (Nov 4, 2026)
QQQ reclaimed its 200-day moving average after three days of playing with it, which the speaker calls a better-acting event, and is above the upper channel line held since May, a monotonous range that may be behind it. It is up 6, still lagging the SPY with tech weaker, with lots of resistance ahead to be reclaimed or rejected; whether today's gap holds is unresolved.
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the Q's traded playing with the 200 day. Sometimes you play with the 200 day. One of my rules is you play with it to get some distribution and then sometimes, you know, if you could reclaim it, it it's a it's a better acting event.
So the the cues right now um are up six, not quite as strong as the spies. Tech's been weaker and now it's in this gap. Okay, so you're back above the 200 day. You're still kind of above this upper channel.
We've been in this channel, I know, since May and it's been very monotonous and, you know, and predatory and that that maybe that's behind us. If that's behind us, that'll be great.
Anyway, above 698 is where it is. We'll see how much of today's gap holds.
Where is the 200 day on the cues? I have the EMA right here. It's It's back above. So, it's been playing with it for three days. Last time it tried to get to the the 200 day, didn't quite get there.
This time, it got there. So, you know, we're we're far back above it now. Now, there's a lot of resistance in areas to watch to see, you know, could they be reclaimed or rejected.
The Q's, right? Um the Q's were playing with the 200 day.
How much of today's gap will hold? Will the cues lag as it's been lagging or get a little bit better?
What this channel has said about $QQQ
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