The Invesco QQQ Trust (QQQ, Financial) is nearing key technical levels that traders are keenly monitoring. According to calculations using the DeMark method, the pivot high is marked at $493.11, while the pivot low stands at $440.72. These pivot points are crucial indicators of potential market movements.
Breaking above the pivot high of $493.11 is typically seen as a bullish signal, suggesting upward momentum could continue. Conversely, if the price dips below the pivot low of $440.72, it might indicate bearish tendencies, prompting further downside.
Investors and traders will be watching these levels closely, as movements past these points can significantly influence trading strategies and market sentiment regarding QQQ.
