Nasdaq 100 ETF · a buy signal born uphill
QQQ (Nasdaq 100): the buy signal starts with technology in retreat
Our view last week
The QQQ, the Nasdaq 100 ETF, turns the page: the observation window on the weekly sell signal closes without confirmation, and a fresh buy signal starts in its place. Weekly technical analysis of QQQ finds clean price action — not one of the 9 components raises a warning — and 3 higher lows on the daily, from the 661 handle toward 716. The entry, though, is born tight: the all-time high sits 2.40% away and has already turned price back 4 times.
This week's summary
The QQQ, the Nasdaq 100 ETF, opens its buy signal on a sour week: the run stalls below the all-time high again — approached 4 times, never taken — and the weekly bar closes in the sellers' hands. Weekly technical analysis of QQQ finds technology, half the basket, down 3.53%, while relative strength rewards healthcare and energy, where the Nasdaq barely shows up. The daily leaves a hammer: lower prices rejected, still to be confirmed.
IQS Phase
38
ordinary
Signal Strength
17
low · fading
ATH distance
4.94%
4.94%
KPI 4
0/3
Trade P&L %
-2.41%
from signal to date, no stop loss
restricted Platinum content