Feb. 24 at 2:28 AM
On the 1-hour chart,
$QQQ is moving sideways between
$600 and
$603 after getting rejected near
$610, which now looks like strong resistance. The price is slightly below the moving average, the MACD is still negative but starting to level off, and the RSI around 46 shows momentum is neutral to slightly bearish. That suggests sellers still have a small advantage unless buyers can push price back above
$604–
$605 with solid volume.
From a fundamental perspective, the overall market mood is cautious after recent losses caused by concerns about AI disruption, new tariffs, and rising geopolitical tensions. Futures are only slightly up, which does not show strong confidence yet. With big earnings reports and AI-related news coming soon, volatility could increase, meaning a break below
$600 might lead to a move toward
$595, while strong positive news could drive price back toward
$609–
$610.
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