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QQQ Continues to Face Resistance around $493.39

Written By: ChartChamp

October 11, 2024

Over the past few days QQQ has been trading near a key white resistance zone. There is a lot of back and forth between bulls and bears in this resistance level, and QQQ is struggling to climb above $493.39. I think the daily candle close is more important than the tug of war between bulls and bears throughout the day. Over the past two days QQQ has closed green so I would monitor to see if bears manage to get a red daily candle close. For now I would monitor to see if QQQ is able to break above $493.39 to trend up higher, or whether we start to see a red move down.

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