According to Jonathan Krinsky, BTIG's chief market technician, technician, technician, technician, technician, technician, technician, technician, technician, technician, technician, technician, technician, technician, technician, technician, technician, technician, technician, technician, technician, technician, technician, technician, technician, technician, technician, technician, technician, technician, technician, technician, technician, technician, technician, technician, technician, technician, technician, technician, technician, technician, technician, technician, technician, technician, technician, technician, technician, technician, technician, technician, technician, technician, technician, technician, technician, technician, technician, technician, technician, technician, technician, technician, technician, technician, technician, technician, technician, technician, technician, technician, technician, technician, technician, technician, technician, technician, technician, technician, technician, technician, technician, technician, technician, technician, technician, technician, technician, technician, technician, technician, technician, technician, technician, technician, technician, technician, technic The Invesco QQQ Trust, which tracks the NASDAQ-100, returned to its highest level on Thursday from December 18th, the final day of the Federal Reserve policy meeting. The market was sold that day after the central bank pointed to interest rate cuts in 2025. On the trading day after the FOMC meeting, there were only three sessions that QQQ did not trade within December 18th at $515.01. $536.88 – 4% fluctuation. In effect, QQQ is “diluting that massive movement,” Krinsky wrote in a note Thursday. With QQQ returning to $536 near the mid-December high, the ETF has returned to “the scene of crime,” Klinsky said. However, technicians warn that pullbacks could continue as soon as this movement increases. QQQ BAR 2024-12-18 Investco QQQ Fund traded on December 18th in the intraday range of approximately 4%. On Thursday, QQQ returned to highs on December 18th.[s] Returning to “sotc” often reverses the direction of that initial movement. Krinsky said: The 4% weight of QQQ said the stock has risen 6.4%, up from around two months ago. A meaningful impact on QQQ.
