Technical analysis by pakoumal about Symbol QQQX on 11/10/2025

Simply touching the 50d MA isn’t enough The close relative to it & what kind of volume accompanies that close tells you whether institutions are defending or abandoning that level Intraday touches of the 50d MA (currently near $609-$610) often trigger systematic buy programs & retail dip-buying But those mean little unless the daily close holds back above it A close below the 50d MA implies those dip orders were absorbed & that’s when trend followers, quants & mutual funds begin to rotate out 1. Touch ≠ break 2. Close below = trend shift confirmation Over the last few major cycles (2023-2025), QQQ tends to wick below the 50d MA during pullbacks of 3-5%, hold closes above during healthy uptrends, & when it closes below for 2+ sessions, that typically begins a multi-week corrective phase of 6-10% If QQQ closes below $607 on volume >90M, that aligns perfectly with a momentum breakdown beneath both the anchored VWAP (10 October) & the 50d MA - a technical double-confirmation Conversely, if it reclaims $615-$617 by the close, the market remains in corrective bounce territory rather than a new leg down The 50d MA is the battleground, not just a line Watch the daily close + volume, not the wick If we print two consecutive closes below it, probability of a decline rises sharply toward 70-75%