{"id":4291,"date":"2023-10-02T08:13:56","date_gmt":"2023-10-02T08:13:56","guid":{"rendered":"https:\/\/blog.trive.com\/?p=4291"},"modified":"2023-10-02T08:13:56","modified_gmt":"2023-10-02T08:13:56","slug":"invesco-qqq-ends-three-week-plunge","status":"publish","type":"post","link":"https:\/\/blog.trive.com\/es\/comercio\/invesco-qqq-ends-three-week-plunge\/","title":{"rendered":"Invesco QQQ Ends Three-Week Plunge"},"content":{"rendered":"<p><em>Piece Written By Nkosilathi Dube, Trive Financial Market Analyst<\/em>&nbsp;<\/p>\n\n\n\n<p>The Invesco QQQ Trust (QQQ), previously known as the PowerShares QQQ, has recently emerged from a three-week streak of losses, showing resilience in the face of a challenging market environment. In the last week\u2019s trading session, QQQ managed to scrape up a ten basis point gain, marking a notable shift in sentiment.&nbsp;<\/p>\n\n\n\n<p>U.S. stocks have been grappling with pressures stemming from the strength of the Greenback and the resurgence of U.S. bond yields. The 10-year Treasury yields recently reached a peak of 4.462%, a level not seen since October 2007. This surge in yields has led investors to seek refuge in the safety of the U.S. dollar due to its higher-yielding potential.&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"1024\" height=\"520\" src=\"https:\/\/blog.trive.com\/wp-content\/uploads\/2023\/10\/image-1-1024x520.png\" alt=\"\" class=\"wp-image-4292\" srcset=\"https:\/\/blog.trive.com\/wp-content\/uploads\/2023\/10\/image-1-1024x520.png 1024w, https:\/\/blog.trive.com\/wp-content\/uploads\/2023\/10\/image-1-300x152.png 300w, https:\/\/blog.trive.com\/wp-content\/uploads\/2023\/10\/image-1-768x390.png 768w, https:\/\/blog.trive.com\/wp-content\/uploads\/2023\/10\/image-1-1536x780.png 1536w, https:\/\/blog.trive.com\/wp-content\/uploads\/2023\/10\/image-1-18x9.png 18w, https:\/\/blog.trive.com\/wp-content\/uploads\/2023\/10\/image-1.png 1600w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p>Source: Trive \u2013 TradingView, Nkosilathi Dube&nbsp;<\/p>\n\n\n\n<p>The upcoming week is poised to be eventful, with a flurry of economic data releases that could significantly influence the trajectory of QQQ and its underlying asset, the NASDAQ100. All eyes will be on the eagerly awaited Nonfarm Payrolls report, which will provide crucial insights into the Federal Reserve&#8217;s potential actions regarding interest rates. Additionally, data on U.S. manufacturing and services PMIs, along with Jolts Job Openings figures, will offer valuable glimpses into the state of the U.S. economy.&nbsp;<\/p>\n\n\n\n<p><strong>T\u00e9cnicos<\/strong>&nbsp;<\/p>\n\n\n\n<p>The QQQ, once riding a bullish wave, now faces a shift in momentum, transitioning from an uptrend to a downtrend. This decline is marked by the emergence of a discernible descending channel pattern, coupled with a significant breach below the 100-day moving average from this year&#8217;s peak.&nbsp;<\/p>\n\n\n\n<p>At $387.98, a pinnacle was reached for the year, swiftly establishing itself as a formidable resistance point, ushering in a wave of sellers. Conversely, $354.70 emerged as a vital support level following a sharp upward turn, only stalling at the $380.84 mark, aligning with the upper boundary of the descending channel.&nbsp;<\/p>\n\n\n\n<p>With the retest of the support level, signs of a potential upswing are discernible as the price approaches the 50% Fibonacci Retracement level. However, looming economic data releases are poised to sway sentiment, prompting cautious manoeuvres from traders. Should $354.70 hold steadfast as support, optimistic traders may aim for the $380.84 level. Conversely, a substantial volume-driven breach below this level could expose the ETF to further downside pressures, with $348.18 looming as a potential destination.&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"1024\" height=\"520\" src=\"https:\/\/blog.trive.com\/wp-content\/uploads\/2023\/10\/image-1024x520.png\" alt=\"\" class=\"wp-image-4293\" srcset=\"https:\/\/blog.trive.com\/wp-content\/uploads\/2023\/10\/image-1024x520.png 1024w, https:\/\/blog.trive.com\/wp-content\/uploads\/2023\/10\/image-300x152.png 300w, https:\/\/blog.trive.com\/wp-content\/uploads\/2023\/10\/image-768x390.png 768w, https:\/\/blog.trive.com\/wp-content\/uploads\/2023\/10\/image-1536x780.png 1536w, https:\/\/blog.trive.com\/wp-content\/uploads\/2023\/10\/image-18x9.png 18w, https:\/\/blog.trive.com\/wp-content\/uploads\/2023\/10\/image.png 1600w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p><strong>Resumen<\/strong>&nbsp;<\/p>\n\n\n\n<p>The QQQ has navigated through a challenging market landscape, breaking free from a three-week losing streak. The upcoming economic data releases, particularly the Nonfarm Payrolls report, hold the potential to shape the course of QQQ and the broader market. The $354.70 level will be pivotal in determining market sentiment.&nbsp;<\/p>\n\n\n\n<p>Sources: Reuters, Invesco, TradingView&nbsp;<\/p>","protected":false},"excerpt":{"rendered":"<p>Piece Written By Nkosilathi Dube, Trive Financial Market Analyst&nbsp; The Invesco QQQ Trust (QQQ), previously known as the PowerShares QQQ, has recently emerged from a three-week streak of losses, showing resilience in the face of a challenging market environment. In the last week\u2019s trading session, QQQ managed to scrape up a ten basis point gain, [&hellip;]<\/p>","protected":false},"author":15,"featured_media":4105,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[4],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.10 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Invesco QQQ Ends Three-Week Plunge - Trive Blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/blog.trive.com\/es\/comercio\/invesco-qqq-ends-three-week-plunge\/\" \/>\n<meta property=\"og:locale\" content=\"es_ES\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Invesco QQQ Ends Three-Week Plunge - Trive Blog\" \/>\n<meta property=\"og:description\" content=\"Piece Written By Nkosilathi Dube, Trive Financial Market Analyst&nbsp; The Invesco QQQ Trust (QQQ), previously known as the PowerShares QQQ, has recently emerged from a three-week streak of losses, showing resilience in the face of a challenging market environment. In the last week\u2019s trading session, QQQ managed to scrape up a ten basis point gain, [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/blog.trive.com\/es\/comercio\/invesco-qqq-ends-three-week-plunge\/\" \/>\n<meta property=\"og:site_name\" content=\"Trive Blog\" \/>\n<meta property=\"article:published_time\" content=\"2023-10-02T08:13:56+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/blog.trive.com\/wp-content\/uploads\/2023\/09\/THUMB-ETF.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"514\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"CONNECT TRIVE\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Escrito por\" \/>\n\t<meta name=\"twitter:data1\" content=\"CONNECT TRIVE\" \/>\n\t<meta name=\"twitter:label2\" content=\"Tiempo de lectura\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutos\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/blog.trive.com\/trading\/invesco-qqq-ends-three-week-plunge\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/blog.trive.com\/trading\/invesco-qqq-ends-three-week-plunge\/\"},\"author\":{\"name\":\"CONNECT TRIVE\",\"@id\":\"https:\/\/blog.trive.com\/#\/schema\/person\/1b50e17681b87a48acedbf0270821e31\"},\"headline\":\"Invesco QQQ Ends Three-Week Plunge\",\"datePublished\":\"2023-10-02T08:13:56+00:00\",\"dateModified\":\"2023-10-02T08:13:56+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/blog.trive.com\/trading\/invesco-qqq-ends-three-week-plunge\/\"},\"wordCount\":446,\"publisher\":{\"@id\":\"https:\/\/blog.trive.com\/#organization\"},\"articleSection\":[\"Trading\"],\"inLanguage\":\"es\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/blog.trive.com\/trading\/invesco-qqq-ends-three-week-plunge\/\",\"url\":\"https:\/\/blog.trive.com\/trading\/invesco-qqq-ends-three-week-plunge\/\",\"name\":\"Invesco QQQ Ends Three-Week Plunge - Trive Blog\",\"isPartOf\":{\"@id\":\"https:\/\/blog.trive.com\/#website\"},\"datePublished\":\"2023-10-02T08:13:56+00:00\",\"dateModified\":\"2023-10-02T08:13:56+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/blog.trive.com\/trading\/invesco-qqq-ends-three-week-plunge\/#breadcrumb\"},\"inLanguage\":\"es\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/blog.trive.com\/trading\/invesco-qqq-ends-three-week-plunge\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/blog.trive.com\/trading\/invesco-qqq-ends-three-week-plunge\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/blog.trive.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Invesco QQQ Ends Three-Week Plunge\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/blog.trive.com\/#website\",\"url\":\"https:\/\/blog.trive.com\/\",\"name\":\"Trive Blog\",\"description\":\"\",\"publisher\":{\"@id\":\"https:\/\/blog.trive.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/blog.trive.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"es\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/blog.trive.com\/#organization\",\"name\":\"Trive Blog\",\"url\":\"https:\/\/blog.trive.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"es\",\"@id\":\"https:\/\/blog.trive.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/blog.trive.com\/wp-content\/uploads\/2022\/09\/cropped-cropped-trive_horizontal_black_logo.png\",\"contentUrl\":\"https:\/\/blog.trive.com\/wp-content\/uploads\/2022\/09\/cropped-cropped-trive_horizontal_black_logo.png\",\"width\":723,\"height\":199,\"caption\":\"Trive Blog\"},\"image\":{\"@id\":\"https:\/\/blog.trive.com\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/blog.trive.com\/#\/schema\/person\/1b50e17681b87a48acedbf0270821e31\",\"name\":\"CONNECT TRIVE\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"es\",\"@id\":\"https:\/\/blog.trive.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/77099c3e77e7f60e3af7eaab73282335?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/77099c3e77e7f60e3af7eaab73282335?s=96&d=mm&r=g\",\"caption\":\"CONNECT TRIVE\"},\"url\":\"https:\/\/blog.trive.com\/es\/author\/connect\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Invesco QQQ Ends Three-Week Plunge - Trive Blog","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/blog.trive.com\/es\/comercio\/invesco-qqq-ends-three-week-plunge\/","og_locale":"es_ES","og_type":"article","og_title":"Invesco QQQ Ends Three-Week Plunge - Trive Blog","og_description":"Piece Written By Nkosilathi Dube, Trive Financial Market Analyst&nbsp; The Invesco QQQ Trust (QQQ), previously known as the PowerShares QQQ, has recently emerged from a three-week streak of losses, showing resilience in the face of a challenging market environment. In the last week\u2019s trading session, QQQ managed to scrape up a ten basis point gain, [&hellip;]","og_url":"https:\/\/blog.trive.com\/es\/comercio\/invesco-qqq-ends-three-week-plunge\/","og_site_name":"Trive Blog","article_published_time":"2023-10-02T08:13:56+00:00","og_image":[{"width":1024,"height":514,"url":"https:\/\/blog.trive.com\/wp-content\/uploads\/2023\/09\/THUMB-ETF.png","type":"image\/png"}],"author":"CONNECT TRIVE","twitter_card":"summary_large_image","twitter_misc":{"Escrito por":"CONNECT TRIVE","Tiempo de lectura":"3 minutos"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/blog.trive.com\/trading\/invesco-qqq-ends-three-week-plunge\/#article","isPartOf":{"@id":"https:\/\/blog.trive.com\/trading\/invesco-qqq-ends-three-week-plunge\/"},"author":{"name":"CONNECT TRIVE","@id":"https:\/\/blog.trive.com\/#\/schema\/person\/1b50e17681b87a48acedbf0270821e31"},"headline":"Invesco QQQ Ends Three-Week Plunge","datePublished":"2023-10-02T08:13:56+00:00","dateModified":"2023-10-02T08:13:56+00:00","mainEntityOfPage":{"@id":"https:\/\/blog.trive.com\/trading\/invesco-qqq-ends-three-week-plunge\/"},"wordCount":446,"publisher":{"@id":"https:\/\/blog.trive.com\/#organization"},"articleSection":["Trading"],"inLanguage":"es"},{"@type":"WebPage","@id":"https:\/\/blog.trive.com\/trading\/invesco-qqq-ends-three-week-plunge\/","url":"https:\/\/blog.trive.com\/trading\/invesco-qqq-ends-three-week-plunge\/","name":"Invesco QQQ Ends Three-Week Plunge - Trive Blog","isPartOf":{"@id":"https:\/\/blog.trive.com\/#website"},"datePublished":"2023-10-02T08:13:56+00:00","dateModified":"2023-10-02T08:13:56+00:00","breadcrumb":{"@id":"https:\/\/blog.trive.com\/trading\/invesco-qqq-ends-three-week-plunge\/#breadcrumb"},"inLanguage":"es","potentialAction":[{"@type":"ReadAction","target":["https:\/\/blog.trive.com\/trading\/invesco-qqq-ends-three-week-plunge\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/blog.trive.com\/trading\/invesco-qqq-ends-three-week-plunge\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/blog.trive.com\/"},{"@type":"ListItem","position":2,"name":"Invesco QQQ Ends Three-Week Plunge"}]},{"@type":"WebSite","@id":"https:\/\/blog.trive.com\/#website","url":"https:\/\/blog.trive.com\/","name":"Trive Blog","description":"","publisher":{"@id":"https:\/\/blog.trive.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/blog.trive.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"es"},{"@type":"Organization","@id":"https:\/\/blog.trive.com\/#organization","name":"Trive Blog","url":"https:\/\/blog.trive.com\/","logo":{"@type":"ImageObject","inLanguage":"es","@id":"https:\/\/blog.trive.com\/#\/schema\/logo\/image\/","url":"https:\/\/blog.trive.com\/wp-content\/uploads\/2022\/09\/cropped-cropped-trive_horizontal_black_logo.png","contentUrl":"https:\/\/blog.trive.com\/wp-content\/uploads\/2022\/09\/cropped-cropped-trive_horizontal_black_logo.png","width":723,"height":199,"caption":"Trive Blog"},"image":{"@id":"https:\/\/blog.trive.com\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/blog.trive.com\/#\/schema\/person\/1b50e17681b87a48acedbf0270821e31","name":"CONNECT TRIVE","image":{"@type":"ImageObject","inLanguage":"es","@id":"https:\/\/blog.trive.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/77099c3e77e7f60e3af7eaab73282335?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/77099c3e77e7f60e3af7eaab73282335?s=96&d=mm&r=g","caption":"CONNECT TRIVE"},"url":"https:\/\/blog.trive.com\/es\/author\/connect\/"}]}},"_links":{"self":[{"href":"https:\/\/blog.trive.com\/es\/wp-json\/wp\/v2\/posts\/4291"}],"collection":[{"href":"https:\/\/blog.trive.com\/es\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.trive.com\/es\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.trive.com\/es\/wp-json\/wp\/v2\/users\/15"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.trive.com\/es\/wp-json\/wp\/v2\/comments?post=4291"}],"version-history":[{"count":1,"href":"https:\/\/blog.trive.com\/es\/wp-json\/wp\/v2\/posts\/4291\/revisions"}],"predecessor-version":[{"id":4294,"href":"https:\/\/blog.trive.com\/es\/wp-json\/wp\/v2\/posts\/4291\/revisions\/4294"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blog.trive.com\/es\/wp-json\/wp\/v2\/media\/4105"}],"wp:attachment":[{"href":"https:\/\/blog.trive.com\/es\/wp-json\/wp\/v2\/media?parent=4291"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.trive.com\/es\/wp-json\/wp\/v2\/categories?post=4291"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.trive.com\/es\/wp-json\/wp\/v2\/tags?post=4291"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}