Nasdaq-100 Index ETF
Investment Thesis
QQQ surged to a new 52-week high and sits 14.6% above its 50-day MA with RSI at 84, but the rally is narrowing dangerously: breadth fell sharply last week while the index rose, and the equity put/call ratio at 0.53 signals extreme complacency. The internal divergence sets up a mean-reversion pullback toward the $650 zone.
Why It May Work
Why It May Not Work
Timeline
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