QQQ Channel Support

QQQ is consolidating after a strong rally & holding the rising channel keeps upside targets alive, but a breakdown risks a retrace to mid-$560s

• If QQQ holds the channel and clears $602.87, the extension target is $650+ (123.6% Fib)
  
• A break below the channel and $595 could pull back to $560–$567 (Fib support)
  
• Long setup near $595 offers ~3:1 reward if aiming for $615–$650
  
• Short setup below $595 has a cleaner move to $560–$567 (~5% downside)
  

Right after QQQ’s breakout above $580, price consolidated in a tight rising channel, that’s the small bull flag

• If the bull flag breaks upward, it confirms momentum & could push QQQ toward $630 before testing the larger Fib extension at $650
  
• If it fails, the channel support ($595ish) becomes key & a breakdown would negate the flag & risk a dip toward $560–567
  
• The measured move (3.17%) from the flag points to $614.93 (short-term target)
  
• The larger 123.6% extension at $650 remains the next big level