Bearish Outlook After Two-Day Drop

QQQ closed below key moving averages and showed weakening momentum over the recent session

The ETF pulled back from the 2026-06-15 high of 744.76 to close at 722.51 on 2026-06-17

All EMA lines remain flat at 730.39 727.39 722.85 and 703.62 indicating no fresh trend direction yet

VIX rose to 18.44 on 2026-06-17 before settling at 16.40 on 2026-06-18 signaling reduced volatility recently

SPY also showed similar weakness with a sharp drop in price and no significant EMA shifts

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Source: Qwen

Ticker: QQQ

Top ETF Picks by Sector

1. FMTM (Growth-Large) Score: 12, Strength:35
2. SPMO (Momentum-Large) Score: 12, Strength:22
3. XLK (Technology) Score: 11, Strength:24
4. QQQ (Technology) Score: 10, Strength:24
5. SPYM (Core-Large) Score: 10, Strength:22
6. SPY (Core-Large) Score: 10, Strength:22
7. SMH (Growth-Large) Score: 10, Strength:22
8. XLF (Financials) Score: 10, Strength:20
9. VO (Core-Mid) Score: 10, Strength:17
10. XLI (Industrials) Score: 10, Strength:13
11. VTV (Value-Large) Score: 9, Strength:19
12. DIA (Industrials) Score: 9, Strength:18
13. VWO (International) Score: 9, Strength:13
14. VXUS (International) Score: 9, Strength:12
15. MDYG (Growth-Mid) Score: 9, Strength:12
16. XSHQ (Quality-Small) Score: 8, Strength:18
17. XLY (Discretionary) Score: 8, Strength:13
18. VB (Core-Small) Score: 8, Strength:12