Technical analysis by pakoumal about Symbol QQQX on 9/6/2025

QQQ broke out of a huge consolidation box (2024 into early 2025) That breakout projected a measured move of ~144 points (26%–36%), targeting $600–$630 Price indeed advanced strongly toward that zone before stalling 1. Bearish Case (head & shoulders or double top plays out) Breakdown below $568 with a target of $550, then maybe ~$537 (S2 pivot) if selling accelerates That’s about a 4%–5% correction, which is normal within an uptrend Double top is the cleaner, simpler read on this chart Head & shoulders is more complex and requires symmetry, which isn’t perfect here Both patterns target almost the same zone (~$550–$553), but the double top is easier to defend technically 2. Bullish Case (breakout resumes) Hold $568, reclaim $583–$585 & push into $600 (R2) Full measured move already points to $616–$633 longer term (R3–R4) Probabilities (with macro context) Continuation (push to $600–$616) @ 50% Correction ($568 break to $550–$537) @ 40% Extended chop ($568–$583 range) @ 10% The breakout from that massive 2024–2025 range still dominates the chart & trend is up until $568 fails The local Head & shoulders/double top is a warning sign, but not a confirmed reversal yet The market is essentially asking, do we consolidate near highs before another leg up, or do we shake out to $550 first?