Nasdaq-100 Index ETF
Investment Thesis
QQQ pulled back 8.6% from its June high of $746 and reached deeply oversold Stochastic territory (K: 12.2) while the 200-day MA at $643 remained firmly intact. With broad market breadth at cycle highs (69.4% of S&P stocks above 50-day MA), the weakness reads as a tech-specific rotation rather than systemic risk — setting up a tactical mean-reversion bounce toward the 50-day MA at $717.
Why It May Work
Why It May Not Work
Timeline
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