Jan. 2nd 2026

QQQ was rejected at the level mentioned last week. QQQ has put in 5 red days in a row, and is now sitting right at the $613.18 level. This rejection sees QQQ putting in a second lower high, a bearish indication.

The Market Signal is down to +2 WEAK BULLISH, and the current uptrend could end next week if QQQ doesn't find support at the current level. QQQ is trading in an increasingly tight range. This type of consolidation is often followed by a breakout (either up or down) into the next major price movement. QQQ seems to be waffling and trying to decide which direction it's ultimately headed.