Technical analysis by pakoumal about Symbol QQQX on 10/31/2025

Buyers are stepping right back in on strong fundamentals rather than waiting for a deeper pullback 1. Catalysts AMZN Cloud & ad segments both surprised to the upside, margins expanded sharply - that’s the kind of result that revives the “AI + consumer resilience” narrative AAPL Solid services growth and upbeat iPhone guidance, plus strong China sales commentary - markets read that as macro-resilient Together, these two control nearly 18-20% of QQQ’s weighting, so their beats mechanically lift the ETF 2. Technical implication Futures & post-market prints around +1% (≈$632 to $639) mean QQQ is already testing back above R3 ($630.9) If that holds into tomorrow’s open, it neutralizes the bearish engulfing from earlier & confirms buyers defending the channel RSI on the 4H will likely turn up again before it ever reaches 50 - a bullish reset without full mean reversion 3. Key levels overnight into tomorrow $637-$640 Post-market top/resistance band If it breaks & holds >$640, then momentum squeeze likely $630-$632 Prior R3/now potential support Buyers defending here = bullish continuation $620-$625 Must-hold range if futures fade Below $620 would reopen mean-reversion path If futures fade back to ~$632 at open, that’s normal profit-taking - the key is whether the first dip gets bought quickly This is classic “buy-the-dip meets stellar megacap earnings” behavior Given the Fed pause backdrop & strong tech prints, the odds now tilt toward QQQ retesting ~$645-$650 before any new consolidation phase