$QQQ (Nasdaq 100) – Similar Range Breakout From July 2022 May Be
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 forQQQ 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.
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.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.