FeesSafety
Pluang+

Invesco QQQ Trust ETF could drop another 40% based on technical analysis and market history.

Technical Signals
08 Nov 2026, 17:00 WIB
Seeking Alpha
View Source
Bearish
Invesco QQQ Trust ETF could drop another 40% based on technical analysis and market history.

The Invesco QQQ Trust ETF (QQQ) may decline by up to 40% according to technical analysis and historical market patterns. The analyst, Rob Isbitts, emphasizes a defense-first investment strategy, holding a mix of ETFs including QQQ, DIA, IWC, and hedges like VIXY and BTAL to manage risk. Current technical signals show key support levels for QQQ and SPY have been broken, suggesting further downside momentum. Isbitts prioritizes capital preservation and low volatility over chasing market highs amid uncertain conditions.

The Nasdaq and QQQ outlook is the subject here, with Pluang data providing market context. For readers following the Technology sector, 80 of 150 priced US stocks rose while 68 fell. Notable movers include TEAM at USD 153.68 with a -16.15% change and 100% buy orders, ATOM up 15.55%, and WK down 14.82%. This snapshot is as of Nov 08, 2026 19:21 WIB.

More News

New Phase 1/2 data show Cabaletta's rese-cel therapy offers durable, immunomodulator-free benefits in autoimmune diseases.

New Phase 1/2 data show Cabaletta's rese-cel therapy offers durable, immunomodulator-free benefits in autoimmune diseases.

Cabaletta Bio announced Phase 1/2 clinical data for rese-cel, a CAR T cell therapy targeting autoimmune diseases, showing durable benefits without immunomodulators across dermatomyositis, lupus nephritis, and systemic sclerosis patients. All dermatom...

Market News
Bullish
56 minutes ago
Colin Kaepernick named Humanitarian of the Year at 2026 Muhammad Ali Humanitarian Awards.

Colin Kaepernick named Humanitarian of the Year at 2026 Muhammad Ali Humanitarian Awards.

At the 13th annual Muhammad Ali Humanitarian Awards in Louisville, Colin Kaepernick was honored as Humanitarian of the Year for his activism and entrepreneurship, including founding literacy platform Lumi and Know Your Rights Camp. The event also rec...

Others
Neutral
56 minutes ago
UMH Properties posts 7% EBITDA growth with strong preferred dividend yield at 7.7%.

UMH Properties posts 7% EBITDA growth with strong preferred dividend yield at 7.7%.

UMH Properties, a REIT managing 145 manufactured home communities, reported a 7% year-over-year increase in adjusted EBITDA for Q3, reflecting solid financial performance. The company maintains manageable interest expenses by refinancing old debt at ...

Company Fundamentals
Bullish
5 hours ago
XRP price falls below $1.20, key level for short-term outlook and next moves.

XRP price falls below $1.20, key level for short-term outlook and next moves.

XRP dropped below the critical $1.20 level on November 6, marking a key point in its short-term price outlook. Analyst Alex Marzell highlighted $1.20 as the decisive level: if XRP recovers above it, $1.22 could be targeted; if not, lower levels of $1...

Analyst Insights
Neutral
5 hours ago
Rising rates push REITs to discounts; VICI boosts dividend yield with strong AFFO guidance

Rising rates push REITs to discounts; VICI boosts dividend yield with strong AFFO guidance

Rising interest rates have led to significant drops in commercial and equity REIT valuations, creating attractive buying opportunities. BrightSpire Capital has eliminated all its risk-rated five loans and reduced troubled properties, signaling improv...

Market News
Bullish
5 hours ago
banner-footerbanner-footer

Invest & Trade with
#1 Award-Winning Investment Super App