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Scott Redler, chief strategic officer at T3 Live and T3 Trading Group, raises concerns about volatility in QQQ as Amazon, Google, Meta, Tesla, and Texas Instruments begin the session with notable declines.
Redler questions whether these names will set new session lows early or continue trending downward throughout the day, and highlights QQQ's key support level around $702.
Redler previously analyzed a decline in S&P 500 futures as SPY tested the $747 level, noting shifts in sentiment among semiconductor and value tech stocks in an earlier report. He also previewed pre-market activity for SPCX, MU, and SNDK in his latest newsletter updates. Redler’s recent observations continue his focus on major tech and related sectors during periods of increased volatility.