QQQ back at its monthly target downInvesco QQQ Trust Series IBATS:QQQvola2volaQQQ closed Friday at 709.80, under its monthly target down at 718.40 and well under its October and Q4 pivot at 742.58, so the monthly and quarterly bias point down while the yearly bias is still up. At the time of writing it popped back above 718.40 at the open, reached 720.22, and is now sitting right on that level. On my side the trend reading is neutral, not bearish yet, and price sits near the bottom of its short-term range. What I watch is the daily close: back above 718.40 and Friday’s break looks like a flush, a close under it keeps the quarterly target at 698.98 in play, below the current range. My own Nasdaq book has been at 25% since last Wednesday’s close, so I’m not chasing either way.