QQQ Enters Squeeze Mode at $620.86
NeutralQQQ (QQQ) closed down 0.49% at $620.86 on December 29.
Technical indicators paint a bullish picture:
Moving Averages
Price trades above the 9-day EMA ($619.42) with a bullish stack. The 21-day EMA at $617.93 provides support.
Momentum
RSI at 58.6 is in neutral territory. MACD is bullish (2.04 vs signal 1.58).
Volatility
Stock has been in a TTM Squeeze for 6 days, indicating compressed volatility and potential for a significant move.
Key levels to watch: Support at $605.65, Resistance at $632.96.