Technical analysis by pakoumal about Symbol QQQX on 8/13/2025

Macro Tailwinds ~95% odds of a September rate cut, an actual cut plus dovish language would boost valuations If inflation continues easing without a major growth slowdown, growth stocks could re-rate higher (soft landing vs stagflation narrative) Yields 10Y Treasury back toward 3.8-4.0% Lower yields historically supportive for QQQ Earnings Mag 7 beating expectations in Q3 & Q4 keeps AI momentum intact More than 65-70% of NDQ100 above their 50d SMA would confirm strength beyond a few leaders Technical Path Support near ~$573 Resistance around $577–580 (recent intraday highs) Sustained closes above $580 with expanding breadth and volume is a breakout trigger QQQ’s top end from an extended channel projection ~$590–595 Measured move from March–July base (~$520–$560 = $40 range; breakout above $560 projects ~$600) Break $580 in late August–September on dovish Fed + solid earnings = $600 by Q4 Fed cuts + AI blowout earnings = $600 by late September. Core inflation sticky + yields up = stall at $580, retest $550 before end of year