Nasdaq-100 Index ETF
Investment Thesis
QQQ is retesting the 50-day MA ($703) as dynamic support after a sharp pullback from all-time highs, while market breadth remains healthy (64-65% of S&P 500 stocks above key MAs) and an elevated put/call ratio of 1.12 provides a contrarian tailwind — a classic mean-reversion setup within an intact bull-market structure.
Why It May Work
Why It May Not Work
Timeline
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