Nasdaq 100 · sell signal under observation
QQQ, the Nasdaq 100 ETF: the sell signal still waits for confirmation
Nasdaq 100 · sell signal under observation
Our view last week
The QQQ, an ETF tracking the Nasdaq 100, flips to sell: after 13 weeks of buying, a fresh weekly signal fires. The MACD histogram, pinned near zero seven days ago, has slipped into negative territory and price action confirms the turn — aggressive sellers into the close, buying at the lows. Yet the pressure stays weak, and on the daily a double bottom in the 685 area has already bounced 4%. Weekly technical analysis of QQQ puts the new sell signal under observation.
This week's summary
The QQQ, the Nasdaq 100 ETF, keeps its weekly sell signal under observation: confirmation hasn't come, price is up 0.55% since the signal, and the verification week closed higher. On the daily, meanwhile, 3 lower highs now stand out, from the 726 handle down to 710, and the MACD histogram has dropped below zero. Weekly technical analysis of QQQ frames a buy cycle out of steam and selling pressure that is still thin: 2 weeks remain before the window expires.
IQS Phase
42
ordinary
Signal Strength
9
low · fading
ATH distance
8.82%
8.82%
KPI 4
0/3
restricted Platinum content