QQQM ETF trades 0.72% lower as daily weakness meets positive hourly MACD

The Invesco NASDAQ 100 ETF faces a bearish near-term daily setup, although its position above the200-session average limits the broader bearish case. For the QQQM ETF, hourly signals offer a counterweight rather than a convincing bullish alternative. On Friday, October 16, 2026, the fund opened at $298.76 and traded between a low of $296.49 and a high of $298.9. It was trading at $297.64 as of 10:46 ET, down 0.72% vs the previous close. The session remains open. The fund opened at $298.76, traded between a low of $296.49 and a high of $298.90, and was last at $297.64, against a previous close of $299.79. Key takaways QQQM ETF was trading at $297.64 as of 10:46 ET on Friday, down 0.72% from the previous close.

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