Weekly technical analysis of QQQ, the Nasdaq 100 ETF: technology gained 7.20% in a week, price action turned back up, and the sell signal enters its final observation week unconfirmed, with the index less than 4% from its record high.

QQQ closed the week at 562.58, correcting −11.7% from the all-time high of 637.01 — the deepest drawdown in the monitored group on a percentage basis.