As we’ve been discussing, since October QQQ continues to trade inside a broad range.
Lows around ~580. Highs around ~630–637.
Different headlines, same structure.
Today we closed around 613, slightly green by the end of the day after last week’s sell-off. But year-to-date performance remains basically flat. We’ve seen not only rotation out of tech recently, but also broader hesitation across growth names, which helps explain the choppiness in price action.
Last week, we swept liquidity around 600, extended into the mid-590s, and then bounced. Structurally, the move made sense. But for me, it wasn’t at a level I consider truly discounted, so I stayed patient.
I exited my QQQ options positions on Jan 28 as i previously mentioned and haven’t re-entered since. I’ve been focused on other opportunities (mentioned MU in a previous post, took a small stock position), but QQQ remains on watch.
Macro is adding fuel to volatility:
CPI tomorrow cooler data could support growth and tech.
Hot print? That likely pressures rate cut expectations.
Shutdown rumors this weekend add uncertainty and short-term whipsaw risk in the markets overall
When uncertainty rises, liquidity gets hunted faster.
So what am I watching?
If price pushes into 630–635 with strong participation, that’s a conversation.
If we rotate back toward the 585 area, that’s a different conversation.
But mid-range between roughly 595 and 625? That’s just noise (ABSORPION)
As always, the goal isn’t to trade every move.
The goal is to protect capital and engage when location + structure align.
For now, patience and observation.
If you have questions, feedback, or want to understand my approach in more depth, feel free to reach out. I answer every message personally for free. Your feedback helps me grow, and we all learn in the process. Likes and comments are always appreciated :)
Journal entry. Not financial advice.
#TY7BLESS
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.