The Invesco QQQ Trust (ticker: QQQ), an exchange-traded fund tracking the Nasdaq-100 index, experienced notable price fluctuations over several days. After reaching a high during a 90-day tariff pause period, QQQ dropped by approximately $40. On April 22, the Nasdaq futures (NQ_F) retraced 61% of Thursday's high and 38% of the previous week's regular trading hours high, with QQQ prices testing key technical levels. The 200-day moving average, an important support line, stood at $491, while QQQ traded around $441, indicating an 11% gap. Intraday movements saw QQQ hit a high of $454.19 prior to futures market opening, followed by some pullbacks and rallies. By April 23, QQQ showed signs of recovery, reaching a high of $462.38 and completing an 80% bullish retracement rule within the week's value area, with the one-hour candle closing near the top of this range. Other notable stock movements included Robinhood Markets (HOOD) rising to the $45 level and Apple Inc. (AAPL) advancing to $205 during after-hours trading.
$QQQ updated 1hr candle close right at 1hr top of value https://t.co/070Kc9vpWu https://t.co/FhTEkuGCmD
$QQQ updated #bullish 80% rule complete for this week's Value Area https://t.co/IhoEBPeuHi https://t.co/3sbRc2sv8R
QQQ 30m 462.38 https://t.co/lDRLlT9Ise