Nasdaq-100 Index ETF
Investment Thesis
QQQ has declined -4.43% over 5 days to $608.81, breaking through multiple support levels on technical selling rather than fundamental deterioration. With UK inflation cooling to 10-month lows signaling potential for global rate cuts, strong underlying tech earnings (Cloudflare +34% revenue growth), and QQQ's 6-month uptrend of +7.29% still intact, current oversold conditions present an attractive entry for mean reversion toward the $628-631 resistance zone over the next 2-3 months.
Why It May Work
Why It May Not Work
Timeline
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