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QQQ Remains Volatile and Neutral

Written By: ChartChamp

November 22, 2024

QQQ Remains Volatile Post-NVDA Earnings

QQQ continues trading within a range between $500 and $508.33 with volatile swings in both directions. I think QQQ is approaching the $508.33 target, I would monitor for a break or rejection here for now. With a break QQQ could rally up to around $514, with a rejection QQQ could retest the $500 support level. There’s likely to be volatility headed into Thanksgiving so I would remain cautious.

QQQ is starting to show more volatility with more frequent price swings in both directions. The price action is neutral under the $508.22 resistance level. I think we could start to see some pretty wild swings headed into Thanksgiving break.

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