583–585 or Bust? QQQ Tests the Ceiling

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QQQ 1H – FVGs, MSS & COT Positioning

Price is pressing into the 574–576 resistance zone, with upside liquidity resting toward 583–585 (FVG + Fib 0.777–1 confluence). A clean break above 576 could fuel a run into that zone, where I’ll watch for a Bearish 1H MSS setup.

If momentum stalls here, pullbacks toward 570 → 563 become likely, with a deeper test of the 557–560 FVG on a stronger breakdown—this is where I’ll look for a Bullish 1H MSS if structure shifts.

Latest COT data on NASDAQ-100 futures backs the caution: speculative longs have been cut while short positions increased, tilting sentiment bearish. This positioning aligns with potential rejection zones above, making the 583–585 area a key decision point for the next directional leg.

Key Levels:

Resistance: 574–576 → 583–585

Support: 570, 563, 557–560

Penafian

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