$QQQ 1H ⬇️ https://t.co/1haokZTsyN https://t.co/NdItEOenSp
$QQQ daily ⬇️ #Divergent rising wedge day 2 distribution follow through https://t.co/k73FznEb33 https://t.co/NdItEOdQ2R
Surprisingly, worst 2 day slump for $QQQ Nasdaq since Liberation week We were shorting $ARKK after PPI data last week...
The Nasdaq-100 ETF (QQQ) has experienced a notable downturn, marking its first five-day losing streak in 2025. Over the past five days, QQQ has declined by 3.4%, representing its worst performance since April. The ETF has also undergone its most significant two-day slump since early April, with a bearish intraday breakdown noted by market analysts. Technical indicators show a divergent rising wedge pattern on the daily chart, with momentum scores turning down rapidly and risk reversal levels reaching the 93rd percentile over three months, indicating that investors are increasingly hedged. Additionally, the 4-hour QQQ chart has turned negative, invalidating previous breakout and retest combinations. In the broader market context, Bitcoin (BTC) has also shown weakness by invalidating its recent bottom. These developments suggest heightened market caution and potential distribution in key technology and growth sectors.
