Traders are keeping a close eye on the pivot points for the Invesco QQQ Trust (QQQ, Financial), as they could signal upcoming market trends. According to the DeMark method, the critical levels are set with a Pivot High at $448.40 and a Pivot Low at $433.54.
A breach above the Pivot High is often interpreted as a bullish signal, suggesting that the price may continue to rise. Conversely, if the price falls below the Pivot Low, it could indicate a bearish trend, prompting expectations of further declines.
Investors and market analysts use these pivot points to make informed decisions about buying or selling shares, as such levels often act as key indicators of market sentiment and potential price movement. As these price points approach, trading activity around the QQQ may see increased volatility.
