QQQ Springboard Pattern

The 15m intraday chart suggests a rising wedge/ascending triangle forming under $597–$598 resistance

• The measured move shown is about ±1.33% from the breakout
  
• That puts upside potential near $603 (recent high) or downside risk toward $584–$585
  
• RSI is around 59 - climbing, but not overbought yet
  
• Stochastic is very elevated (~89), which often signals short-term exhaustion
  
• A break above $598–$600 could retest highs at $602–$603
  
• A rejection here could unwind back to $590 or lower support ($584–$586)
  

QQQ is in a well-established uptrend

• Price has respected moving averages & envelopes for months, with pullbacks shallow (~4–5%) & quickly bought
  

QQQ is pressing right under the $602–$609 resistance

• A weekly close above ~$609 would confirm continuation, with no major overhead resistance
  
• A stall here could lead to mean reversion toward the 20d MA (~$586) or even the 20 MA if sellers press harder
  
• The character of pullbacks (quick, shallow, bought up) favors continuation unless a sharp catalyst breaks the pattern
  

The key watch is does QQQ consolidate and push through $609, or does it fail and retest $586–$590 support?

• The primary trend is up (bulls in control)
  
• $602–$609 = breakout = continuation, rejection = mean reversion to $586–$590
  
• No technical damage unless QQQ breaks below ~$572
  

QQQ is in a strong uptrend, but this week hinges on the $602–$609 resistance

• A breakout = trend extension
  
• A rejection = routine pullback to support