Verified Investing on $QQQ (Nov 9, 2026)
QQQ has extended downward; a rise in the Q indicator may suddenly stop, forcing reassessment at the $700 level, the August/September low pivot. If the rise continues, $700 is the resistance area to watch.
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Look how far the QQQ index has extended downwards. Now, QQQ is a Nasdaq 100 index and an exchange-traded fund (ETF). It can be tracked and traded, which is why I analyze this chart daily at market close.
Now, I see that this rise in the Q indicator may suddenly stop, which will force us to reassess the pattern at the $700 level. As you can see, this was the low pivot level in August and September.
So, if this rise continues, I will be watching this area for resistance.
What this channel has said about $QQQ
Verified Investing has 19 calls on this stock; only the adjacent ones are shown.