$QQQ: Can Buyers Defend This Level?
The market gave us a textbook retest this week, but now everyone is asking the same question: do tech bulls actually have the muscle to break into new highs, or are we heading for a pullback?
Here is how the trade played out step-by-step: $Invesco QQQ(QQQ)$
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Result: ✅ Target reached. Actual return: +3.24% on spot (+38% on call options)
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Next setup: I’m not chasing the move after taking profit. I’m waiting for another clean setup with defined risk.
What's your play here?
When a key target hits, disciplined traders lock in gains and step back. Chasing green candles right into overhead resistance is usually how retail gets trapped.
Are you trimming profits on tech here, or holding for a potential breakout higher? Drop your targets and key levels in the comments below!
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