Technical analysis by pakoumal about Symbol QQQX on 10/24/2025

QQQ is at the top of its 20d ±3 % envelope, a “momentum, but stretched” setup Expect minor cooling or sideways action early next week, then potential continuation toward $625-$628 once the moving average catches up 20d MA ~$605 is upward-sloping which confirms a healthy intermediate uptrend Envelope width is about 36 points (~6%), normal for a trending QQQ environment Price hugging the upper envelope means momentum is strong, but stretched In past rallies, when QQQ closed near or slightly above the +3 % band, it tended to consolidate or pull back toward the MA within 3-6 sessions, or trade sideways until the moving average "catches up" Since May, you can see about 4-5 touches of the upper band Each touch was followed by a 1-2 % fade lasting a few sessions The moving average acted as dynamic support; deeper corrections only came after the slope flattened That rhythm is still intact so this looks like another case where bulls may pause, but not reverse $618-$620 Upper envelope resistance/overbought 55% chance of stall or mild fade $610-$612 First support (mean reversion) 30 % chance of retest $600-$605 20d MA & lower-band base 15 % chance unless news shock Bias is still bullish; trend intact above the 20d MA, but short-term is slightly overbought so expect digestion rather than acceleration Taking partial profits or tightening stops near +3% band often pays better than chasing new highs Theta decay accelerates if price chops sideways here, so shorter-dated calls can flatten out quickly Waiting for a dip toward $610-$612 offers a higher-reward entry aligned with the 20d MA