QQQ (10 October)

The 50d MA often acts as the first line of defense in bull markets

• When the price breaks below its intraday high and then reclaims it within 1-3 sessions, it is considered a bullish continuation setup
  
• Historically, QQQ tends to bounce 3-5% after reclaiming its 50d MA following a 2-3% flush
  

So if QQQ closes back above $595, it could accelerate through $600–$610 toward prior highs near $615–$620

• Today's drop is a retest of intermediate trend support, not a deep structural breakdown