Technical analysis by pakoumal about Symbol QQQX on 10/10/2025

The $568–$582 area aligns with deep Fibonacci support, sentiment washout & historical rebound behavior after tariff shocks - all ingredients for a fast relief rally The market is currently hovering between $582–$589, sitting right above that 78–82% retracement Historically, this acts as a springboard for sharp short-covering rallies; unless, macro fundamentals deteriorate rapidly "China–US Tariffs” marks both the prior and current inflection points - the market clearly prices in trade policy uncertainty aggressively, then reverts once it stabilizes After similar shocks (“Liberation Day” or “Midnight Hammer”), QQQ rebounded 6–9% within 5–10 trading days That would translate now to $615–$640 targets if history rhymes Momentum algorithms will likely trigger buys if QQQ closes back above $595, so that’s the near-term confirmation pivot $580–$585 is the ideal risk floor, while $605–$615 offers a reward window