Technical analysis by Alchemy Markets about Symbol QQQX on 10/14/2025

QQQ is gapping down right into a massive technical test: the $593 Gap Support. This is not a regular drop. Our chart is showing a rare conflict: Bullish Setup: A Hidden Bullish Divergence (HBD) is screaming for a bounce. Bearish Risk: A loss of the low could trigger a rapid descent to the $580 Zone. The bias right now is neutral-bullish — cautious optimism. If bulls hold the gap, expect a short-term rebound toward $603–$605 where sellers will likely re-emerge. But if $593 gives way, this turns into a full-on correction targeting $582 → $560, completing the wedge breakdown target. This is the moment of truth. Bulls need to defend $593 or risk a complete sentiment shift. Key Levels: $603.85 — Breakout Zone $593.24–$597.23 — Gap Support $589.05 — Structural Floor $580–$582 — Breakdown Zone $555–$560 — Rising Wedge Target Bias: 🟡 Neutral-Bullish (Cautious) Timeframe: 1H Indicators: RSI Hidden Bullish Divergence, Rising Wedge Breakdown