Dave BarnhartFounder, Moby Tick Trading · Founder at Moby Tick Trading

QQQ down $20 pre-Market #shorts

23 Jun 2026 · 2 min

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1:51

In this short market commentary, the speaker reviews recent large‑share trades (prints) on the QQQ ETF to gauge intraday support and resistance. He notes a 7‑million‑share print around 746 and several 2‑4 million‑share prints, highlighting a 9.7 million‑share trade at 740.33 that failed to hold. Using these volume clusters, he outlines a bullish framework: if QQQ stays above $722, the next targets are $724‑$726, then $728.20 (S2), $730‑$731.87, and $733.08 (S1). Conversely, a bearish framework is set if QQQ falls below $717, with immediate support at $716‑$715, deeper levels at $712.50‑$710, and a potential floor near $702.50‑$695, backed by multi‑million‑share prints. The analysis is driven by real‑time pre‑market price action and volume‑based price levels, offering traders concrete entry and exit points for the day.

Chapters

ahead and have a look. Largest trades in the last month. We've got June 3rd here right at the top. We've got 7— around 746, 3.2 million shares. These are billions of dollars coming back to support here. Look at all of these ones: 4 million, 2 million, 3 million. And then we held this one. We opened, tested below, came up, and now what we're doing is we rejected these prints. You could see yesterday we pushed up to test a lot of them. This was a huge one, 9.7 million at 740.33. We didn't Hold that, and then today we're down testing these prints below. So let's go ahead and have a look to trade this on the intraday. We're going to be bullish above 722. Let's get above the 6.5 million share trade target: 724, 725, 726.84. Then we've got 728.20 is S2, 730, 731.87, and then we've got 733.08 is S1. Okay, so on the downside, we're going to be bearish below $7.17. We've got $3.9 million sitting here pretty much right at this S3, which is usually oversold. So we'll see what actually happens, if this can be a bit of a floor. Target $7.16, $7.15, $7.1250, $7.10, $7.08. $7.14 is $2.8 million. $7.06, $7.08 is S4, and then within 2 cents of that you've got $6.9 million at $7.05. Then 702.50, 700, 695.02 is S1, and that's sitting pretty much at another 4 million share print there. So lots of room on the downside for that if it can— thing, it's got the same— we're sitting here