Jonathan Krinsky, chief market technician at BTIG, said technology stocks could be in trouble as they approach nearly two-month levels. Invesco QQQ Trust, which tracks 100 Nasdaq, resumed its highest levels since the last day of the Federal Reserve’s December policy meeting on Thursday. That day, the market sold when the central bank pointed out that interest rates were lowered in 2025. In the trading days after the FOMC meeting, only three sessions QQQ was $515.01 and $515.01 and $536.88 – fluctuated 4%. In fact, QQQ “is just digesting this huge move,” Klinsky wrote in a note Thursday. Klinsky said the ETF returned to the “crime scene” as QQQ returns to highs in mid-December, Krinsky said. However, technicians warn that the move may be withdrawn soon. QQQ BAR 2024-12-18 The trading range of the Invesco QQQ fund on December 18 is approximately 4%. On Thursday, QQQ returned to its high on December 18. “In this case, it usually reverses in the direction of this initial action,” Klinsky said. “In the past few years, the power of the Nasdaq decline has usually been It has been a game for losers, but we think there are enough warning signs to advise being cautious here.” Krinsky noted that Meta weighs 4% in QQQ, which was offered to the fund from the highway about two months ago Get motivation. In February alone, the stock rose 6.4%. However, if the stock is to be corrected, it will have a meaningful impact on QQQ.
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