Last week’s low of $262.46 on Invesco QQQ (NASDAQ:QQQ) was an important line in the sand today. If the QQQ’s can reclaim it and/or hold above it $267 is the next major level to the upside. For a technical trader, above it the next targets are $270, $272 and there is a gap to fill from last Wednesday’s close at $273.45
Below $262.46, $261/$259 is the next major prior support area. 52-week lows in the QQQ’s are $254.26 and is likely to be broken if panic ensues.