1. Key Metrics
| Instrument | Close | Change |
|---|---|---|
| QQQ | 746.04 | −0.70% |
| Nasdaq-100 | 30,664.70 | −0.71% |
| SPY | 778.10 | −0.06% |
| S&P 500 | 7,807.24 | −0.06% |
| RSP | 213.19 | +0.07% |
| QQEW | 162.06 | −1.11% |
2. Trend
QQQ: 20-day 739.38 (+0.90%, rising 1.33% over five sessions), 50-day 725.68 (+2.81%, rising 1.03%), 200-day 672.80 (+10.89%, rising). The pullback left the trend structure intact, with QQQ still 0.9% above its 20-day. SPY: 20-day 768.84 (+1.20%), 50-day 768.20 (+1.29%), 200-day 723.39 (+7.56%).
3. Momentum & price volatility
RSI(14): QQQ 56.6 (prior 60.9), SPY 59.3. ATR(14) QQQ 8.96 (1.20%). RV10 11.41%, RV20 15.24%.
4. Levels
Resistance 751.27, 762.86 (record high). Support 744.85 (session low), 739.38 (20-day), 725.68 (50-day). Zero gamma 749.40 (model).
5. Breadth
n/a — not computed for October 12 in this run.
6. Concentration & relative strength
Top-10 NDX: META +3.38%, AAPL +1.29%, MSFT +1.14%, SPCX +0.52%, GOOG +0.32%, GOOGL +0.30%; AVGO −1.88%, NVDA −1.29%, TSLA −1.22%, AMZN −1.11%. QQQ lagged SPY by 0.64 pp, and QQEW's 1.11% decline shows pressure broader than the megacaps.
7. Divergences
Price versus volume: QQQ declined on rising volume. Equal-weight versus cap-weight: RSP +0.07% vs SPY −0.06%; QQEW −1.11% vs QQQ −0.70%.
What Would Change the Regime
- QQQ close below 739.38 → short-term Neutral.
- Close below 725.68 → medium-term Neutral.
- Close above 762.86 → new high.
Sources
Nasdaq.com historical data (Oct 9 and Oct 12 closes); S&P 500 official close; own calculations.