QQQ Diamond Top Warning: Is the Nasdaq-100 ETF Losing Momentum?
QQQ Diamond Top Warning: Is the Nasdaq-100 ETF Losing Momentum? The Invesco QQQ Trust (QQQ) is suddenly at the center of a classic market debate: is this just a healthy pullback after a strong technology rally, or the start of a deeper rotation out of megacap growth? The latest warning sign is technical. QQQ fell 1.12% on unusually heavy turnover of nearly 40 million shares, confirming a bearish diamond top reversal pattern that had been flagged by Barchart. The move also left the tech-heavy ETF on pace for its worst July in 22 years, even as the broader tape looked more balanced: the Dow gained 0.46% and the S&P 500 finished slightly higher. ...