From TradingView · · 40s
QQQ Tests Downtrend Line After Rebound
QQQ rebounds, testing key downtrend line for NASDAQ:QQQ.
In brief
QQQ rebounds, testing key downtrend line for NASDAQ:QQQ. QQQ price stalled below downtrend line after sharp rebound, with potential move to 662-663 support if trend holds. Originally reported by TradingView.
QQQ Tests Downtrend Line
QQQ price stalled below downtrend line after sharp rebound, testing key resistance levels for NASDAQ:QQQ.
Key Resistance Levels
687.5, 690.5: strong resistance, 684: resistance, 678.5: minor resistance, 670, 672: strong support, 662, 663: support.
Price Action Scenarios
Trend holds: pullback to 670, 672 support, weaker retest of line, move down toward 662, 663. Break: hold above 684, test strong resistance at 687.5, 690.5.
The big picture
QQQ price stalled below downtrend line after sharp rebound, with potential move to 662-663 support if trend holds.
