Nasdaq 100 ETF Volume 54% Above Average, Holding 200-Day Moving Average
Nasdaq 100 ETF QQQ surged 1% with trading volume 54% above average, driven by easing US-Iran tensions and a violent oil price reversal from $120 to below $90. QQQ tested and held its 200-day moving average as seasonal patterns and extreme investor fear signaled a possible market bottom.
1. Market Rebound and Heavy Accumulation
Monday saw a sharp reversal as the Nasdaq 100 ETF rose over 1% with volume 54% above its 50-day norm after an initial drop of more than 1%. Bulls regained control following remarks characterizing the Iran conflict as short-term, signaling renewed risk appetite and heavy accumulation.
2. Five Bullish Indicators Explained
Five factors underpin the shift: US-Iran tensions cooling; U.S. crude futures reversing from $120 to below $90; historical tendency for mid-March market lows; the ETF defending its 200-day moving average for the first time since last year’s rally; and investor fear reaching 2026 highs, a contrarian bullish signal.