Nasdaq-100 Index ETF
Investment Thesis
QQQ sold off ~4.4% from its all-time high of $746.16 on back-to-back distribution volume spikes (June 5: 99.6M; June 9: 91.9M shares — ~2.5–3× average daily volume), compressing RSI to 41.5 near the 50-day MA support at $697.79. In the prevailing golden-cross regime, this zone has historically offered high-probability bounce setups, while an elevated SPX put/call ratio (1.18) adds contrarian fuel to the recovery thesis.
Why It May Work
Why It May Not Work
Timeline
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