Technicals: State Street’s Nasdaq 100 ETF Trending Down But Appears Short-Term Oversold - State Street SPDR…

Benzinga · Jim Wyckoff · 2026-10-30 12:23 UTC

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Active and successful veteran traders of all markets have learned in their endeavors to extract profits from those markets where studying price charts and learning at least some technical analysis can provide a much stronger opportunity for achieving sustainable trading success. The savvy trading veterans also know that some of the simplest and easiest-to-understand technical trading tools can sometimes be their most powerful implements in forecasting potential price direction and trends. Markets’ price trends, moving averages and support and resistance levels on the charts all fall into the aforementioned category of powerful trading tools that can be utilized for better trading success.

The State Street SPDR Portfolio Nasdaq 100 ETF (NASDAQ:QNDX) provides investment results that, before fees and expenses, generally correspond to the total return performance of the Nasdaq-100 Index. The fund’s benchmark is designed to measure the performance of 100 of the largest domestic and international non-financial companies, based on market capitalization and listed on the Nasdaq Stock Exchange. QNDX is one of the low-cost core State Street SPDR portfolio ETFs, a suite of asset allocation building blocks designed to provide broad, diversified exposure to core asset classes.

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