In the latest analysis of the Invesco QQQ Trust (QQQ, Financial), pivotal price levels have been identified using the DeMark method. The crucial high point stands at $451.01, while the low is marked at $441.05.
These pivot points serve as significant indicators in the trading strategy. A break above the high pivot could be seen as a bullish signal, suggesting potential upward momentum. Conversely, if the price dips below the low pivot, it could be interpreted as bearish, indicating a possible downward trend.
Traders are likely to watch these levels closely for cues on future market moves, as breaching these points often results in directional shifts in price action.
