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.
Catalysts to Watch
QQQ printed a fresh 52-week high at $711.23 with RSI at 84.17, while S&P 500 breadth (% above 50-day MA) fell 7.3% over the past week — a classic negative breadth divergence at extreme overbought and complacent sentiment readings.
Why It May Work
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Timeline
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