Volatility Contraction Sets Up QQQ Move Near $623.89

QQQ (QQQ) traded flat at $623.89 on December 27.

Technical indicators paint a bullish picture:

• Moving Averages: Price trades above the 9-day EMA ($619.07) with a bullish stack. The 21-day EMA at $617.99 provides support.
• Momentum: RSI at 59.3 is in neutral territory but trending higher. MACD is bullish (2.01 vs signal 1.48).
• Volatility: Stock has been in a TTM Squeeze for 5 days, indicating compressed volatility and potential for a significant move.

Key levels to watch: Support at $605.59, Resistance at $632.86.