The Invesco QQQ Trust (QQQ) traded around the $708 to 719 range today, supported by a broader market rally as geopolitical tensions in the Middle East eased and tech megacaps stabilized.

Technical Insight:
QQQ is positioned in a descending channel, trending on a downward bearish momentum. Price recently broke above the lower resistance, at $702, after a couple weeks of lower lows and lower highs, in respect to the structure. We are anticipating a buy retracement between $696-$708.

Key Points:
A confirmed pullback at this level, activates buy continuation, eyeing $740, as next potential bullish.

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