QQQInvesco QQQ Trust Series IBATS:QQQSMASHHH96 My primary scenario for Monday is a sweep of the previous session's highs, followed by rejection and a move lower, provided volume and price action confirm the setup. A major unmitigated weekly order block sits below current price and could act as a potential draw on liquidity. • 695.76: Initial profit-taking area near the beginning of the order block. • 691.08: Potential downside target at a previous untouched New York low. I'll be watching how price reacts at the order block before determining whether further downside is likely. THE BIG PICTURE The confluence across the higher timeframes is what makes this setup interesting. Multiple leading tech names are showing failed bullish continuation attempts, while QQQ / MNQ remains structurally weak. This is my current bearish thesis, not a prediction of guaranteed downside. I'll be looking for confirmation through liquidity sweeps, rejection, volume, and lower-timeframe price action before committing to the trade. Patience, confirmation, and risk management first. THE MAGNIFICENT 6: COMPREHENSIVE BEARISH CONFLUENCE MAP 📉 Multiple leading tech stocks are showing higher-timeframe Strat failures, rejection zones, and potential bearish continuation setups. Here's the current macro picture supporting my bearish thesis for QQQ / MNQ. 1. QQQ / MNQ — BEARISH CONTINUITY • Trading below the 1-month and 3-month 50% retracement levels. • Below the full 1H / 4H EMA stack. • Looking for a sweep of previous session highs followed by rejection and continuation lower. 2. GOOG — BEARISH CONTINUITY • Rejecting consecutive 3-month 2-up attempts. • Price is testing a key quarterly consolidation floor. 3. MSFT — BEARISH CONTINUITY • Major 3-month double-top rejection near 555.45. • Watching for continued downside following the rejection of this higher-timeframe resistance. 4. AMZN — BEARISH CONTINUITY • Confirming a macro 3-month 2-2 reversal. • Developing beneath an active monthly 2-up failure. 5. NVDA — BEARISH CONTINUITY • Showing failed 2-up reversals on both the 3-month and monthly timeframes. • Selling volume supports the developing bearish structure. 6. AAPL — BEARISH CONTINUITY • Failing a weekly 2-up near 351.73. • Monthly PMG trap adds to the bearish confluence. 7. TSLA — BEARISH CONTINUITY • Failing monthly and weekly 2-up attempts. • Trading beneath the 386.83 resistance ceiling. #TheStrat #MNQ #NQ #QQQ #PriceAction #Trading