# QQQ shakeout loses steam before Fed decision

> A technical breakdown and reversal on Monday failed to hold Tuesday as traders await the FOMC meeting.
- Title: QQQ shakeout loses steam before Fed decision · TradingView
- Summary: A technical breakdown and reversal on Monday failed to hold Tuesday as traders await the FOMC meeting. Yesterday's bullish shakeout signal at $700 is…
- Keywords: qqq, invesco qqq trust, fomc, nasdaq 100, technical analysis, shakeout, support levels, volume analysis, federal reserve, trading signals, business, finance
- Source: TradingView — https://tradingview.com/chart/QQQ/ctymjpum-QQQ-Yesterday-s-Shakeout-Loses-Follow-Through-Ahead-of-FOMC
- Published: 2026-09-15T21:41:09+00:00
- Read time: 1 min
- Topics: qqq, invesco qqq trust, fomc, nasdaq 100, technical analysis, shakeout, support levels, volume analysis, federal reserve, trading signals, business, finance
## Quiet session before Fed meeting
QQQ closed at $704.54, down 0.65% on light volume. The range was just 66% of normal as traders waited for the FOMC decision.
## Monday's shakeout was textbook
Price gapped below the weekly low to $700, triggered stop losses, then reversed on the heaviest volume of the sequence. That's a properly confirmed demand signal.

> Yesterday was a shakeout, price gapped below the weekly low into 700, ran the stops sitting under it, and reversed
## Tuesday gave back the gains
Today's down bar returned most of Monday's recovery. The close at $704.54 was just 15% up from the low, near the bottom of the range.
## Buyers didn't show up to defend
Price came back to test $700 demand, but buyers didn't turn up. Sellers pushed it down on light volume, showing weak follow-through to Monday's strong signal.

> That's weak follow-through to a strong signal, the most common way a shakeout starts to fail
## The signal isn't dead yet
The $702.74 low remains unbroken, so the shakeout signal still holds. But another session like this ends it completely.
## Key levels to watch Wednesday
Above: $709.26 restores the shakeout, $714 triggers technical signals. Below: $702.74 is the line. Lose it and $700 is the last shelf before $686.78.
## Key takeaway

Yesterday's bullish shakeout signal at $700 is weakening after today's drift lower on light volume failed to attract buyers.