Nasdaq-100 Index ETF
Investment Thesis
QQQ has shed -7% from its 52-week high ($746) in just 8 sessions on abnormal distribution volume, and is now approaching the 50-day SMA ($676) — a key dynamic support — while RSI slides toward oversold and the SPX Put/Call ratio spikes to 1.23, historically a contrarian buy signal in intact bull trends.
Why It May Work
Why It May Not Work
Timeline
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