The Invesco QQQ Trust (ticker: QQQ) has recently revealed key pivot points calculated through the DeMark method. The identified pivot high is $436.10, while the pivot low is $424.95.
In technical analysis, breaking above the pivot high is often interpreted as an indication of a bullish trend, suggesting potential upward momentum. Conversely, should the price fall below the pivot low, it could signal a bearish trend, pointing towards possible downward movement.
These pivot points serve as significant indicators for traders and investors monitoring the performance of QQQ, as they help in determining crucial support and resistance levels in the market.
