$Invesco QQQ Trust(QQQ.US)$Invesco Nasdaq 100 ETF(QQQM.US)QQQ had a rough week. The shooting star rejection near the low…
$Invesco QQQ Trust(QQQ.US)$Invesco Nasdaq 100 ETF(QQQM.US)QQQ had a rough week. The shooting star rejection near the lower boundary of the channel suggests that sellers are stepping in on rallies, as investors grow increasingly skeptical about the sustainability of AI earnings growth.
Meanwhile, oil prices continue to push toward new highs, and the VIX is surging, adding another layer of uncertainty to an already fragile market.
The combination is getting harder to ignore: stretched expectations around AI profitability, rising energy costs, and increasing volatility. Even if the long-term AI story remains intact, the market may be entering a much less forgiving phase.
Risk is clearly building, and the next move could be decisive. I’ll be watching whether QQQ can reclaim key technical levels or whether selling pressure continues to intensify.
@Captain's Treasure
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