Technical analysis by pakoumal about Symbol QQQX on 10/20/2025

Short-term momentum is stretched so watch for a potential pullback to $608 then $603 if selling follows through 1. Price vs MTD VWAP MTD VWAP ≈ $603.7, with +1σ ≈ $611 & +2σ ≈ $613 QQQ is pressing the upper (+2σ) edge of the VWAP envelope & that’s statistically extended Historically, price rarely sustains above this zone without cooling off toward +1σ ($608-$609) or the VWAP itself ($603-$604) Overbought short-term; risk of mean reversion if momentum fades 2. Volume Profile Volume into the close rose sharply, but without broad range expansion That kind of volume spike after an extended move often means distribution (profit-taking at highs) rather than fresh breakout energy The closing volume spike without strong follow-through suggests distribution (smart money selling into strength) That’s also characteristic of the transition from Wave 5 to wave a (meaning the first corrective down-leg may already be starting) Likely aiming for $588-$590 first & potentially $532 over the next 4-6 weeks if the full correction unfolds 3. RSI (15m) RSI ≈ 68 & curling lower from overbought A bearish cross of RSI below its signal line after sitting near 70 is a classic short-term momentum-loss trigger Supports the idea of a pullback or consolidation within 1-2 sessions 4. Stochastic Oscillator Fast %K & %D have both rolled over sharply (≈ 34 & 18) Coming off multiple overbought resets above 80, this steep drop signals short-term exhaustion with traders locking gains 5. Intraday Structure You can see bearish divergence forming where price neared ATHs (~$613.18) while RSI & Stoch made lower highs That divergence plus rejection at +2σ VWAP = early topping behavior on the 15m timeframe Start of wave a Post $613 tag Pullback to $608–$609 +1σ VWAP support Mid-wave a acceleration Next 1-2 sessions Sharp dip to $603-$604 MTD VWAP mean End of wave a Within ~3-5 days $588-$590 Prior breakout base Wave b "bounce" Late this or next week Rebound to $595-$600 Lower high under prior peak Wave c Following weeks Down to $540-$532 61.8% daily retracement