Technical analysis by pakoumal about Symbol QQQX on 8/18/2025

QQQ is holding strong this week above key moving averages, supported by ST bullish setups that look appealing, but it's important to watch for overbought signals & broader macro triggers for confirmation or caution If QQQ pushes above $580 with conviction, the path toward $586–$589 looks paved; especially, if heavyweights like NVDA, AAPL, or MSFT continue to lead With the strong trends, using short-dated call setups (within 1–2 weeks) could capitalize on momentum, but keep risk due to time decay in mind A dip to the 50d MA (~$554) could offer a higher-probability entry zone; especially, if broader market sentiment remains constructive A breach below $540 & a move toward the 200d MA (~$515) would likely signal a deeper correction or trend shift RSI nearing overbought levels means gains could slow or reverse without fresh catalysts & with Fed sentiment in focus (Powell's Jackson Hole speech), a dovish or hawkish tone could significantly sway prices (markets could swing down if investor expectations aren’t met)