Nasdaq-100 Index ETF
Investment Thesis
QQQ printed a fresh 52-week high ($637.40) on April 15 after a sharp V-shaped recovery from the March 30 low of $558, powered by a massive breadth thrust — the share of S&P 500 stocks above their 50-day MA surged +60% in one month. Momentum indicators are firmly bullish, though RSI at 72.8 and extreme equity call-buying warn of a near-term pause before the next leg higher.
Why It May Work
Why It May Not Work
Timeline
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