Nasdaq-100 Index ETF
Investment Thesis
QQQ has just erased its entire July selloff in a textbook V-shaped reversal on expanding volume, with a confirmed golden cross and market breadth near 52-week highs — suggesting the bull trend is firmly resuming. Stochastics are stretched (97.2) and equity put/call signals extreme complacency, so the higher-probability entry is a pullback toward the SMA50 at $715, targeting a run at new all-time highs near $760.
Catalysts to Watch
QQQ staged a powerful V-shaped recovery from a ~9% July correction (peak $725 → trough $661), surging +9.4% in just 5 sessions back to $723.85 on volume running +42% above the 20-day average, reclaiming the SMA50 and turning the MACD histogram positive.
Why It May Work
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Timeline
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