QQQ looks very weak. There are a few issues that lead me to believe $400 in June 2025 if a reasonable target:
What do you think?
- This area of the chat has very low volume and now structure - basically straight up on low volume.
- The chart is trading very technically using Fib levels (outlined with yellow / green lines).
- The market has a very high level of uncertainty, as do businesses and governments
- April 2 will likely be close to a top for the current retrace.
- Interestingly, the -1.618 just so happens to be the top reached in 2022.
- This is also likely to intersect the lower trendline (white) AND the volume shelf established as part of the previous high and retrace at the $400 level.
What do you think?
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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.