Keep the index and ETF separate
The Nasdaq-100 price index fell 4.91% from the October 30 close to the November 6 close. It was the largest decline among 11 sampled midterm election weeks from 1986 through 2026. The only other down week in that sample was 2002, about 1.0% lower. The comparison uses the index and describes a historical sample, not QQQ ETF history or a forecast.
The QQQ ETF fell 4.98% over the same week and closed Friday at $656.10. It finished below both its $720.97 50-day and $680.89 200-day averages; this was a second consecutive daily close below the 200-day. Its October 6 intraday high of $762.86 is a dated range reference, not a guaranteed level.
The index return is based on completed weekly index closes cross-checked against attributed TradingView history. The chart above is QQQ daily price action through the completed November 6 regular session. See the November 6 Daily Levels. A reclaim requires a daily retest and close above the relevant average. Market research only, not a recommendation to buy or sell.