Invesco QQQ Trust Series 1 ETF Faces Potential Decline to $416, Sees $4 After-Hours Surge
$QQQ, the Invesco QQQ Trust Series 1 ETF, experienced a downward trend with multiple technical indicators pointing to potential further decline. The stock broke key support levels and moving averages, with analysts predicting a possible drop to $416. However, after-hours trading showed a $4 increase, surpassing the $429 strike price.
Sources
Options AI
$QQQ up about $4 after hours, above the $429 strike. https://t.co/Nxypds0d7q
Reformed Tr🅰️der $QQQ broke and closed below the 20sma, but still managed to close well off the LOD. Bulls need it to reclaim the 20 then the 8sma, bears want a rejection at either of those moving averages https://t.co/HQEh0Rblul
Sunrise Trader $QQQ below the daily 10ema and the 21ma with a gap down today. Indicators have a long way to go to unwind. Observation and more reason for me to tighten up longs and be cautious of putting on new.