Market Snapshot: QQQ Bulls Take a Stand After Sharp Selloff

Welcome back, everyone!

In today’s post, let’s take a quick look at how the markets are shaping up, with a spotlight on the QQQ ETF, which tracks the Nasdaq-100. It’s been a turbulent few weeks, but there are early signs that the bulls might be stepping back in.

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 QQQ Climbs Higher — A Positive Day in the Markets

The market closed on a positive note, with QQQ ending the day up nearly 2%. After several weeks of downside pressure, today’s bounce feels significant. More importantly, it hints at a possible short- to medium-term bullish trend emerging.

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 Looking Back: The 25% Slide

Not long ago, QQQ was trading around $540. Then came the correction — fast and deep. Prices dropped all the way down to $400, marking a staggering 25% decline in under two months. That’s a steep fall, even by tech-sector standards, and it reflects a lot of fear and volatility in a short period.

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 Reversal in Sight?

The good news? There’s been a strong bullish reversal recently — a key candlestick bar that suggests buyers are stepping back in. This kind of reversal can often mark a change in momentum, especially when it follows a steep decline like the one we just saw.

Right now, the price action is showing signs of stability. If QQQ can hold above the $455–$460 range in the coming days, that would reinforce the bullish thesis and increase the chances of a further move higher.

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 What to Watch Next Week

Here’s what to keep an eye on:

• Support zone: $455–$460
• If this holds: We could see a continued move higher
• If it breaks down: More sideways or bearish pressure may return

Short-term traders might find opportunities in this bounce, while long-term investors may want to monitor for confirmation before adding risk.

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 Final Thoughts

After a sharp selloff, QQQ is showing some early strength. Whether this is just a temporary bounce or the start of a broader rally depends on how the market behaves next week. For now, it’s a positive development that deserves attention.

Thanks for tuning in, and stay informed as we track these key levels together!