QQQ at new macro ceiling: pullback into support flipQQQUSDT Perpetual Swap ContractOKX:QQQUSDT.P3CommasThe Macro Picture 🗺️ QQQ has continued its stair-step expansion since the mid-May rejection, breaching the $725 ceiling that previously capped the move and pushing into a fresh macro ceiling at $755. The ascending trendline from the April $560 floor remains the dominant macro structure — every dip since the April origin has been bought along this rising line, and price is now riding right on it again after a clean rejection wick off $755. RSI has rolled over from overbought territory for the second time in three weeks, marking the same structural reset rhythm the trend has used to keep advancing. The Setup ⚙️ The Ceiling: Bulls are defending the new macro ceiling at $755, but the daily rejection wick combined with the rolling RSI top signals that sellers have stepped in to clear out over-leveraged longs chasing the round number above $750. The Support Flip: The $725 zone — the prior macro ceiling from mid-May — has now flipped into demand, and a clean retest of this level would offer the first high-confluence pocket where bulls reload without breaking the ascending structure. The Trendline: The rising support from the April $560 origin sits just under current price; a clean tag of this dynamic line aligned with the $700 decision zone would mark the deeper structural reset before the next leg up. The Roadmap: Primary target sits at $725 — the support flip aligns with the rising trendline and remains the most probable destination for a liquidity rebalance before continuation. Invalidation: a clean 1D close below $700 would invalidate this bullish continuation thesis and open the path toward the macro support shelf at $590.