What the $QQQ Chart Is Signaling Right Now Tech momentum is showing signs of exhaustion as the Nasdaq-100 ETF struggles to hold ground above $720. If you are actively trading tech, three key technical factors are shaping this setup: Volume-Price Divergence at Resistance: While $Invesco QQQ(QQQ)$ bounced off the $705 floor, trading volume on green days has steadily declined. Sellers aggressively defended the $732–$734 resistance zone in mid-August. Without institutional buying volume returning, upside breakouts in this zone carry a high risk of fakeouts. The $712 Monthly Pivot Line: The $712.39 level serves as the critical monthly pivot point. A decisive daily close below $712 breaks the immediate higher-low structure and signals a continuation mo