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MARKET UPDATE: $QQQ NASDAQ vs. $SPY S&P 500 The Nasdaq is showing greater weakness, testing support at $680–688, with Strong Outflow confirmed and price below its 200-day EMA. Next downside levels: $675 and $668. The S&P 500 is holding up better but has broken SuperTrend support and is now testing $749–754 — a critical zone previously tested in September. Both indices remain in a downtrend, with negative money flow. A relief bounce is welcome, but we need to see buyers step in before calling this a reversal.

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