Nasdaq-100 Index ETF
Investment Thesis
QQQ has blasted to all-time highs on a near-vertical three-week rally, but RSI at 91 and a low equity put/call ratio of 0.53 signal textbook exhaustion conditions. A tactical mean-reversion pullback to the $620–625 support zone (≈−6%) looks probable before the structural bull trend can resume.
Catalysts to Watch
QQQ printed a new 52-week (all-time) high at $663.88 on April 24 while RSI(14) reached an extreme 91 — one of the rarest overbought readings on record — capping a +19% surge in under four weeks.
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Timeline
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