QQQ Sinks Below Technical Support to $607.29
Bearish
Mar 2, 2026 at 12:38 AM
•
$607.29
(-0.32%)
QQQ (QQQ) retreated 0.32%, ending the session at $607.29 on March 2.
The technical setup looks mixed:
Moving Averages
Price sits below both the 9-day ($608.27) and 21-day ($610.26) EMAs, suggesting short-term weakness.
Momentum
RSI at 47.2 is in neutral territory but trending higher. MACD reads -2.60 against its -3.21 signal line (bullish).
Volatility
Stock has been in a TTM Squeeze for 3 days, indicating compressed volatility and potential for a significant move.
Despite the bearish EMA structure, bullish MACD divergence suggests patient buyers may find opportunity near $594.44.
Support sits at $594.44 with resistance at $623.59.