Technical analysis by pakoumal about Symbol QQQX on 11/12/2025

QQQ has printed a clean staircase of lower highs from $624 to $623 to $621 This typically resolves in a test of the next support zone - which for QQQ is $615, then $610 Momentum indicators are weakening RSI stalling in the low 50s Stoch rolled over from the high 70s Neither shows strong divergence or accumulation yet This doesn’t scream “breakout”; it leans toward “cooling off” Price is above the November low VWAP only slightly This usually acts like a magnet when momentum is weak If $617 breaks, the magnet pulls price to the next higher-timeframe level which is $610 $610 is a structural pivot on the 1H & 4H charts $610-$612 is where buyers stepped in aggressively last week It’s also where a lot of volume-by-price sits Losing $615 almost always leads to $610 retest because there’s a liquidity window in between Macro uncertainty = sellers step back, buyers disappear 1. CPI postponed/cancelled 2. Gov’t vote pending The market naturally drifts lower due to lack of fresh buyers Uncertainty kills bid strength so prices slide to support Everything you’re seeing aligns with a fade to support rather than a breakout Two things could derail the drop 1. A clearly bullish gov’t reopening vote If futures spike on a clean funding resolution, QQQ jumps back above $623-$624 Momentum shifts quickly upward toward $630 2. Yields drop sharply Any surprise dovish signal pushes QQQ upward immediately Unless these occur, pressure stays downward A $610 retest is technically sound & fits the current intraday + macro landscape If you’re looking to re-enter calls, $610-$612 is actually the best risk/reward zone into NVDA earnings Bullish Bounce Plan - if QQQ retests $610 & holds This is the highest risk/reward area for re-entering long exposure Strong prior demand zone Volume shelf on the 1H Captured the entire early-November reversal Clean liquidity pocket for dip buyers Price must touch $610-$612 Preferably wick below $612 intraday RSI (15m or 1H) hits 30-35 & curls up Momentum exhaustion + reversal Stoch %K <20 then crosses above %D A single high-volume green candle Doesn’t need to be huge - just a shift in tape character Below $605 invalidates the whole bounce structure Momentum Breakout Plan - if QQQ doesn’t drop to $610 Use this only if the market behaves stronger than expected (gov’t vote bullish) Price closes above $624 on the 1H (not just a wick) A close = conviction RSI breaks 60+ on 1H Shows real strength, not chop Volume above the prior 1H candles Breakouts without volume is fake Bounce to $610 first is more probable Momentum is rolling, lower-high structure intact & catalysts are uncertain But… If the gov’t reopening vote hits bullish this afternoon or premarket tomorrow, the breakout plan may engage instantly