A Rare Valuation Gap Has Opened On QQQM, According To My Calculations

Invesco NASDAQ 100 ETF (QQQM) presents an attractive valuation gap after a >10% decline, with sector earnings expectations intact. QQQM now trades near its 10-year average valuation; The fears that have compressed valuations are the “AI bubble” and the “Iran conflict”. At similar levels measured by the RSI indicator, potential accumulation zones have emerged (IMO).