QQQ Enters Squeeze Mode at $623.89
NeutralQQQ (QQQ) traded flat at $623.89 on December 29.
Technical indicators paint a bullish picture:
Moving Averages
Price trades above the 9-day EMA ($619.06) with a bullish stack. The 21-day EMA at $617.63 provides support.
Momentum
RSI at 61.7 is in neutral territory but trending higher. MACD is bullish (2.00 vs signal 1.47).
Volatility
Stock has been in a TTM Squeeze for 5 days, indicating compressed volatility and potential for a significant move.