#NasdaqETFUpdate

📊 Nasdaq ETF Weekly Update

🗓️ Week of June 10, 2025

The Nasdaq-100 ETF (QQQ) is showing signs of consolidation after a strong tech-led rally in May. Currently trading near $445, the ETF is struggling to break above the psychological resistance at $450, a level closely watched by institutional traders.

🔍 Key Technical Levels:

Resistance: $450 – A clean breakout could push QQQ toward $460+.

Support: $435 – Holding this level keeps the short-term bullish bias intact.

Trend: Higher highs and higher lows on the daily chart; RSI remains in healthy territory (~57), indicating no immediate overbought concerns.

💡 Market Drivers:

Anticipation around upcoming FOMC rate decision and AI sector earnings could increase volatility.

Nvidia, Microsoft, and Apple continue to lead ETF momentum, making it a tech-weighted proxy for AI sentiment.

📈 Bullish Breakout Confirmation:

A daily close above $450 with volume could trigger a new wave of tech-led buying.

📉 Bearish Risk Zone:

A breakdown below $430 may suggest weakness and trigger a short-term correction.

🔔 Keep an eye on macro events and sector earnings as they play a crucial role in Nasdaq ETF direction.

📌 Disclaimer:

This content is for informational purposes only and does not constitute financial advice. Cryptocurrency and ETF investments carry risk. Always do your own research (DYOR) before making investment decisions.