QQQ shows a bullish trend with potential for an upside break of structure, but remains cautious as it is only slightly above VWAP.
Bullish
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BenzingaPublished Sep 11 · 3 passages
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The Q's, which were pulling back, looks like that's trying to slow down, but we might not be out of the woods yet. Here's the Q sitting above the VWAP. I' I'd want to keep watching that.
By the way, Q's look like they're going to try and go higher, and that would be helped by a bounce in some of these other tech names like Oracle that we're talking about. Looks like it wants to. We'll see if it does.
Uh might have a Q's break of structure to the upside here, too. Q's have a bullish trend.
What this channel has said about $QQQ
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2026-09-14
Ed, that's probably a really good idea. I did not do that in my initial breakdown here today. Let's do that now. The Q's has been somewhat similar uh to the to the SPY except it's still been beneath the trend line that connects the all-time highs. It really has not shown strength, whereas SPY in some cases has. Now today however you can see we're currently sitting here at 703. This gap down takes us through the 20 50 and 100. It also takes us to the low from August 24th. We have a gap that fills down here which we have not filled top of this candle here 70159. I actually think we've got a gap down going here until about 7. What was that value I just read you a second ago and could not remember. Good lord. 70159. So, I actually think that might be a support if we end up filling this gap here.
Quote at 1:30:57 ›2026-09-11BullishThis one
The Q's, which were pulling back, looks like that's trying to slow down, but we might not be out of the woods yet. Here's the Q sitting above the VWAP. I' I'd want to keep watching that.
2026-09-09Bullish
And at the same time, the Q's looked like they were trying to curl here a little bit. They actually looked better than the S&P. So, looks like Q's trying to break this structure on the downside here. Uh trying to break and move back up.
Quote at 1:38:33 ›