#QQQ Weekly Chart – Technical Breakdown As of August 1, 2025

QQQ Weekly Chart – Technical Breakdown

🧠 Key Observations
Bearish Weekly Rejection

A red candle at the recent high ($574.63) suggests buyers are taking profits.

Short-term reversal likely in play.

First Reaction Zone:

0.236 Fib at $533.87 is the first potential bounce zone.

Aligned with:

Fair Value Gap (FVG)

Upper range of the Weekly Order Block (OB)

Deeper Demand Zone:

If $533 fails, the Weekly Order Block becomes critical.

That zone stretches down toward $520–$508 (Fib 0.382).

Strong historical reaction area — may attract long setups if macro aligns.

RSI Divergence Risk:

RSI shows some signs of flattening.

Still above 59, so momentum is intact — but weakening.

📉 Pullback Path (Base Scenario):
Potential move to $533 → $520, consolidating inside the order block

From there, bullish continuation back toward $575+

Invalidated below $500, where structure breaks

📈 Mid-Term Bullish Bias Intact
Strong uptrend, higher lows still in place

Any dip into the OB + FVG zone = buy-the-dip opportunity.