$NAS100 / $QQQ – The 200 SMA Breakout... or Bull Trap?

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📈 Nasdaq just charged through the 200-day moving average like it wasn’t even there. But if you zoom out, this level has acted as a brick wall before — and we may be walking straight into a trap.

🔍 Key Observations:

The last failed breakout above this zone led to a major rejection.

We're back at horizontal resistance from prior tops.

Price action resembles a Rope-a-dope move — run up, suck in longs, then rug pull.

⚠️ No real breakout without confirmation + volume. Don’t let the short-term green candles distract you from the macro ceiling above.

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