Scott Redler: QQQ at key support near $686 to $688

Scott Redler: QQQ at key support near $686 to $688
QQQ faces test at $686 to $688 zone

Scott Redler, chief strategic officer at T3 Live and T3 Trading Group, notes that QQQ is trading near a major support area between $686 and $688.

Redler cautions that if this range does not hold, there could be a significant move to the downside.

Redler previously analyzed a pullback in S&P 500 futures as the SPY tested the $747 level, noting changes in sentiment around semiconductor and value tech stocks in his recent market commentary. He has also provided pre-market updates on names including SPCX, MU, and SNDK in his latest newsletter preview. These updates offer additional context to his observations on major support areas.

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