QQQ Battlefield Map

1. Immediate Support Holds (~55%)

• QQQ consolidates above current levels
  
• A push above $583.32 (recent high) would confirm bullish continuation
  
• $589–$590 or retest of envelope top/channel resistance
  
• $600 is a round-number magnet & could trigger breakout momentum
  
• Extension to $607–$610, based on measured move from the last swing
  
• Biggest shelf (high-volume node) is $565–$575
  
• This matches where QQQ has been consolidating with lots of buyers & sellers
  

2. Break Below $560s (~35%)

• Signals loss of short-term momentum
  
• Eyes turn toward $540 (23.6% Fib) - first real downside test
• Major support in the area of $529–$540
  
• 100d SMA ($529) + Fib ($540) is a critical test
  
• Bounces & dip-buyers defend trend
  
• Failure & trend weakens significantly
  
• Secondary shelf at $520–$530 perfectly lines up with Fib 38.2% ($514) & 100d SMA
  
• Low-volume gap at $545–$555
  
• If QQQ breaks under $565, it can slide fast into this pocket before stabilizing at $540/$530
  

3. Deeper Downside (~10% - unless macro shock)

• $493 (50% Fib) is midpoint retrace, strong demand area (if market turns risk-off, this is the magnet)
  
• $472 (61.8% Fib) is the golden ratio area of support
  
• If this breaks, trend structure flips bearish with risk toward $440–$433