# What to Watch Today (2026-09-24): Tech Momentum vs Overbought Warning Signals
Markets face a critical test today as momentum stocks hit overbought territory while oversold names set up for potential bounces.
Bullish Watchlist
QQQ remains the momentum leader, extending its 5.3% weekly rally from yesterday's $741.21 close. With RSI at a manageable 63, the tech ETF has room to run toward the $755 target. Watch for continuation above $745.
ABNB offers the most compelling oversold setup after an 11% weekly plunge pushed RSI to extreme levels of 27. From yesterday's $149.58 close, a bounce toward $158 looks probable on any positive travel sentiment.
NFLX also sits in oversold territory (RSI 37) following a 6.6% weekly decline. The streaming giant at $71.36 could see relief buying toward the $76 target if broader tech holds up.
Bearish Watchlist
META flashes major warning signs after a parabolic 10.6% weekly surge pushed RSI to 77. From yesterday's $744.10 close, a pullback toward $720 support looks increasingly likely as momentum cools.
AMD faces similar overbought pressure following its historic $1 trillion milestone. With RSI at 71 after recent gains, the $614.61 level could give way to selling pressure targeting $585.
Top Trade: Long QQQ Above $745
The highest conviction play remains riding QQQ's momentum higher. Unlike individual names showing extreme readings, the Nasdaq ETF maintains healthy technical conditions with RSI at 63. A break above $745 should trigger algorithmic buying toward the $755 target, offering a clean 1.3% upside with defined risk below $740.
Today's Catalendar
No major economic releases or Fed speakers scheduled. Focus remains on technical levels and any overnight developments in mega-cap tech earnings guidance or AI sector news.