Technical analysis by pakoumal about Symbol QQQX on 8/29/2025

Today’s long red candle shows strong rejection, high conviction selling Today’s 4H bounce at the center band looks more like technical support hold, not yet bullish reversal So short-term the market is testing balance at $570 If it loses $570, downside continuation is favored If it recaptures $576 quickly, squeeze potential kicks in Trigger to watch is a daily close under $568, or weakness that can’t reclaim $570