Invesco QQQ Trust (QQQ) is currently trading at $267.17 with a gain of $2.72. After a gap higher this morning, the sellers stepped in again to put the market in negative territory. Deja Vu from yesterday. A reminder that we’re waiting on the Fed minutes at 2pm ET, so we could see some volatility once that is released.
$262/263 was a support area from last week that found buyers yesterday and again this morning. $261/$259 is a major support area below that. 52-week lows in the QQQ’s are $254.26.
Above $263, the next target to the upside is $267. Above that the next target is $270 and then $272. There is still a gap to fill at $273.45