X discussionQQQ heads into the post-Labor Day session with Iran-US escalation headlines colliding with last week's technical breakout. Traders are locked on Tuesday's open as either a risk-off flush or a push to fill the 730 gap. The argument turns on whether geopolitical shock overrides the inverted head-and-shoulders and bullish follow-through.
BullThe inverted head-and-shoulders and five-up sequence from the July low put QQQ on a path to new all-time highs. A daily bullish fair value gap leaves a clear shot at the open gap near 729–730 next week.
BearWar escalation into a holiday weekend sets up a bloodbath Tuesday open without a TACO. Weekend chart work forecasts a massive VIX spike and a significant red week across QQQ and the other indices.
Posts
Bull evidence
@korinek_tradesFive up from the July low confirms a bullish sequence; right shoulder of an inverted H&S sets wave 3 to new ATHs
@GAndersonTradesQQQ printed a daily bullish FVG and has a real shot at 730+ next week on a clean CPI print
@chad_venturesQQQ Meridian North Star bull signal fired and price is holding the support band into next week
Bear evidence
@kpak82Weekend charts show a massive VIX spike and high odds of a significant red week in QQQ and the other indices
@Basssem666War escalation news leaves Tuesday open lower without a TACO; any IHS push to QQQ near 730 is the short level
@JEFETRADESNo TACO means an absolute bloodbath Tuesday for SPY and QQQ as jobs and higher oil keep pressure on