Technical analysis by pakoumal about Symbol QQQX on 12/21/2025

As long as QQQ holds $612, downside risk is fading & acceptance above $618 turns this from a bounce into a base Higher lows are forming from ~$600 to ~$612-$615 Price is holding above reclaimed value ($612-$615) across time frames This invalidates the immediate bearish breakdown scenario RSI is bullish continuation momentum, not mean-reversion Stoch is overbought on lower time frames, but it's not a sell signal unless price breaks support Momentum is supporting price, not diverging against it Volume expansion on the push through $612 No heavy sell-volume on pauses This is controlled buying, not short covering only which boosts the strength of the bounce 1. $615 is now critical support & must hold on pullbacks If price holds $615, the market is building a base 2. Expect chop at $618-$620 Rejection only matters if price falls back below $615 3. $625 If $620 breaks with acceptance, price likely moves here quickly This would strongly favor a bullish continuation 4. Loss of $615, then loss of $612 would put price back into balance/chop - not yet trend failure, but bad for short-dated calls As long as $615 holds, staying bullish is justified The market has shifted from risk of a bounce failure to building a base Bears lost control at $612 Bulls need $620+ to fully take it back Now it’s about whether momentum follows through quickly enough