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$QQQ (Nasdaq 100) – Similar Range Breakout From July 2022 May Be

Long
Invesco QQQ Trust, Series 1 (NASDAQ:QQQ)  
jfsrevg  
NASDAQ:QQQ   Invesco QQQ Trust, Series 1
Trend Analysis Chart Patterns Fundamental Analysis jeffsuntrading QQQ jeffsun
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trendanalysis chartpattern fundamental jeffsuntrading qqq jeffsun
The tech-heavy $QQQ gained +0.74% for the week. Similar to $SPX, $QQQ rebounded via finding support on its rising 10-day moving average.

The support level to watch for $QQQ this week is revised up to 274, undercutting its current rising 10/20-day moving averages.

Bull Case: Reclaim above 293 the immediate classical resistance.

Bear Case: Breakdown of 274 level, undercutting its current 10/20-day moving averages.. The next support level is at 260.
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