Nasdaq-100 Index ETF
Investment Thesis
QQQ printed a new 52-week high at $640.47 after a vertical +14.7% surge in just 12 sessions, but RSI(14) hit 84, the equity Put/Call ratio collapsed to 0.45 (extreme call greed), and market breadth sits at only 52.6% — a textbook overbought/divergence setup for a mean-reversion pullback toward the 50-day MA.
Catalysts to Watch
QQQ surged +14.7% over 12 trading sessions (Mar 30–Apr 16) to reach a new 52-week high of $640.47, pushing RSI(14) to 84.12 — its most overbought reading in over a year — while the equity Put/Call ratio dropped to 0.45, triggering an extreme-greed contrarian signal.
Why It May Work
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Timeline
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