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Key QQQ Price Levels for NVDA Earnings

Written By: ChartChamp

November 19, 2024

QQQ opened with a bearish gap lower today, but is quickly forming a rebound back up. I think QQQ has three key levels to monitor as we approach NVDA’s earnings announcement tomorrow. There is support at $495.89, and resistance at $507.74 and $514.48. For now I would monitor to see if support continues to hold around $495.89, and if we trend up I would expect resistance around $507.74 on the way up.

QQQ has rebounded throughout the day, and is trending up towards that $507.58 price target. I think we could experience some volatility tomorrow due to NVDA’s earnings announcement.

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