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$QQQ didn't quite nail the breakout last Friday. The weekly close landed just $1 above the 2025 R2 pivot—frustratingly close, but we're still beneath the year's highest weekly close at 629. So, no breakout confirmed yet.
Here's what traders are watching: once we slam through 629 on a weekly close, that clears the path upward. The next real target? 2026 R1 pivot sitting at 700. Getting there would be a different story entirely, but first things first—we need that weekly close above 629 to validate the move.