Nasdaq-100 Index ETF
Investment Thesis
QQQ staged a textbook V-shaped recovery from its June 10 low of $692.93 — erasing a 7.4% high-volume correction in just 5 sessions — and is now testing its all-time high at $746.16. Tech leadership (QQQ/SPY ratio above both its 50d and 200d MAs) remains intact, breadth confirms broad participation, and elevated institutional hedging (index P/C at 1.16) provides a contrarian backstop for a potential breakout to new highs.
Why It May Work
Why It May Not Work
Timeline
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