Verified Investing on $QQQ (Nov 5, 2026)

Next up, guys, look at the cues. Look at this RSI down at the bottom of the screen. 26.86 price piercing this long-term inclining trend line dated back since the a uh April 2025 lows.

And so as you can see here, this area caught support before and a third hit is a very high probability chance of a bounce specifically if we come plunging down into the level much like what we have done now.

We have pierced that level for now the very next level of support should the selling continue. You can see this right over here on the pivot top high on the cues back from January of this year guys. rewinding a whole bunch of gains back to the January 28th high pivot and that's going to be at 636 and60.

You can see that's not far away from where we closed today, guys. That's just only a what is this? A one and a half 1.6% uh uh downward move after we put in 6.49% today down. Holy cow.

Yes, you can definitely hit that tomorrow. That could be an area where we could see some near-term relief considering this 26.86 daily RSI. We could see a bounce right here at this pivot high level take us right back to the bottom of this inclining trend line.

$6569. Beautiful sell on the cues. Now, you know, really where this destination will be, just like I pointed out at the bottom of that trend line, the I the ideal bounce location that I'm spotting on a lot of these charts is this low pivot that occurred right here in July.

You can see we made what appears to be an M pattern on the charts. Once we do bounce up, that low pivot of the M will be resistance. These are notorious MA patterns. Whenever we catch traction, bounce up into that range and then start fading.

So, we could be due for an near-term bounce, but just be mindful of the overhead resistance and definitely pull that rip cord once and if you get back into the money.