QQQ (19 September)Invesco QQQ Trust Series INASDAQ:QQQpakoumalThe 20d MA is the heartbeat of this trend Late August to early September consolidation where QQQ went sideways between $570-$585 The breakout above that consolidation in mid-September created a bullish continuation pattern, which resembles a bull flag/rectangle Measuring the prior impulse leg (4.36%) & projecting it forward to $608–$609 lines up with this breakout structure $583 × (1 + 0.0436) ≈ $608–$609 QQQ finished the week stretched at the upper +3% envelope, showing strong, but slightly overextended momentum Volume was moderate, but supportive with no signs of distribution The next test is whether it can hold $600 & push into the $608–$609 target zone next week Momentum is strong, but both RSI & stochastics warn that QQQ is overextended Near-term risk is a pullback or consolidation at/near $600 Trend remains bullish as long as MACD stays positive & price holds above recent breakout levels Failure at $600 combined with a break back under $580 would signal a failed breakout & likely mean reversion toward $562–$555 Only a close below $532 would break the entire uptrend structure $532.17 is the base of the prior summer consolidation & an important bigger-picture support