Quantum computing stocks (QBTS, QUBT, IONQ, RGTI, IBM) experienced significant gains following a $2 billion US government investment, with explosive trading volume typically signaling the beginning rather than end of a market movement; technical analysis shows these stocks are testing key resistance levels and Fibonacci extension values, with potential for further upside if they can break through previous peaks and maintain support levels.
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⚡️Quantum Stocks EXPLODE: Just Beginning?? QBTS Stock, QUBT Stock, IONQ Stock, RGTI Stock, IBM StockAdded:
Hey there everyone, happy Friday. I've got a quick one for you today. We are going to talk quantum stocks because holy cow, this is absolutely huge and this could carry on for a while as long as the market bias holds out, but it doesn't necessarily have to go that way, but it will help the movement. We had some massive moves yesterday in the quantum space. So IBM up at 12% QUBT, so Quantum Computing Inc. That one was up almost 20% IonQ up 12% and then we had some big ones with Rigetti up 30% and then QBTS up 33.37% and they're also up in the extended hours this morning, the pre-market hours as we see them. This is likely the start of the movement, not the end of the movement with the $2 billion invigoration from the US government. So this is something that we absolutely want to keep our eyes on when we see explosive volume like this with that sort of igniting move which is even above what we had over previously. This could be just a major major catalyst for us. So it doesn't mean that it's straight up today. We could see some settling, but if we look for those proper entries, it really could help us out. Let's talk market bias, we'll get back to quantum. So I talked yesterday about what it's going to take in order to break this peak and I think inflation's that main narrative that we have going forward from here that really could be that decider if we're going to actually break over the previous peak we got for the spy or if we're going to sell back down.
Today's Friday to end up kind of a mixed week, we'll call it.
Could end up overall green for the week, but we do want to fear the double top.
We want to be watchful for that because the trouble is if I unhide the technicals here is that we want to sit on top of 748.61 and bounce off of it and head higher or just blast through it. So from here, that's what we're watching out for. We hit a low price right on this 1618 of 173.13.
We actually got 10 cents below before this thing really ripped off and uh was able to close all the way back up here at 7:42. Uh so that $5 swing intraday not not so bad. So, uh if we go to the Q's it's going to be a similar story for what we see there. Nvidia taking a little bit of a dip yesterday uh after a huge run up to their earnings, but that's pretty typical. That tends to happen. As earnings are expected to be astounding, they were, some people take some profit. So, uh what we're watching for for the Q's once again we got to break over that previous peak that we got. Uh kind of a a mixed look that we got, but we're still in overall bullish territory. And then IWM is sitting up in the area of resistance right now. So, uh the indices uh or the ETFs that track them, the indices have their work cut out for them in order to uh to see where we go uh from here.
And like I said, next week's a new week.
We should end up in a period uh as long as nothing really changes with Iran where we could actually see a bit of a climb taking place. So, we want to be very mindful of that and watchful of that. Bitcoin, uh we're we're still down near the 50. So far the uh the bears are winning out in the near term for us that we're down below the 5, the 13, down below the 200. The 50 is like our last hold out on the daily chart that we have here. Uh so we we want to see us get on top of the 5 and hold it. We didn't do it the last 2 days. We're not doing it so far today. Uh so we'll see what the weekend gives us for that. We did get rejected off that 200, which happens to be uh sweetly at the neckline of this inverse head and shoulders that you can see right here on the weekly chart.
We're above the 200 week so longer term a bullish, but you see that bearish engulfing candle that we got. And from a weekly standpoint, that 13 is that hold out that we have that if we get that pushed down below it and we get the crossover the 5 and the 13, it could send us back down to the 200, which means that we're back under 70K. So, we want to be watchful for that. All right, into the the quantum stocks. So, for these, uh when you see uh explosive volume like this, it's usually just the start of the move, not the end of the move. And if we look intraday, we can look for uh better points such as this pivot you can see right here uh in the pre-market. Evidence of what happens when you return back to a previous pivot. There's usually at least an initial bounce and we got that.
We do want to watch for those potential entries that we have and so this merits some updated technicals. I will tell you that 2637, 2642, those are important pivots for us to get back on top of and if we can, we could see this thing rise for QUBTS up closer to $30. So low 29s is what we have potentially pushing up above it and this would be talking about a day versus beyond that. So pushing up above there would be even more important over time to watch and see what we get happening there and over the weekend I will give a full technical analysis breakdown of what we can expect. Right here 2506 by the way is a whole number Fibonacci extension value. So if we were to pull back to 2506, show that support, that could give us that next rocket ship movement that we get after this brief cooling period if you will. So the news catalyst happened yesterday and took off. I think that we could see that second movement happen and it could take it could be today. It could take several days in order for that to happen. I don't think the move is finished yet and we got to look for that entry. If we go over to some of the other ones such as QUBT, there we go. So for this one Quantum Computing Inc. The last one by the way was a D-Wave Quantum QUBTS. Tickers are in the background by here and if you look in the upper left hand corner you might be able to read the name.
So what are we fighting? We're currently fighting just under $12 per share. So we actually have two Fibonacci retracement values of 1170, 1180 kind of tied to time closely together. We found out that it was not a a floor for wasn't a ceiling, also wasn't a floor and now this candle right here on this hourly chart is telling us that the bulls and bears are fighting over that next direction. The market open is going to be that next big thing. We could pull back to 1129 that would be a very reasonable place to find ourselves returning to at least in the near term.
If we go out to a daily chart for QUBT to see what we got. There we go. We most recently spiked up to over $14 per share and then sold off from there. Now we're getting that next invigorating boost. We could see that return to strength in the near term for it. So RGTI. So this is Rigetti Computing Inc.
up over the 200 day with yesterday's move. Perfect. We might see a retracement back to this previous pivots. We don't have to. We are under this structure right here which usually does send us back down in the near term.
So we pushed right up to it yesterday.
Now we're kind of fighting around market open, maybe a quick pullback for us. We do want to see ourselves be able to pop up over that. 2241 by the way is huge to open up above because if we get up above that, that could open us up to nearly $27 per share. And then when we go to IonQ There we go. We had some resistance up here at $60 per share selling back to 57. We'll see what happens around 54 or so.
We also want to be watching for that next boost that could push us up and have us back around that $60 mark. And above that we can rise up to 65.50.
So there's a quick rundown that we have for the quantum stocks. And guys, if you want to see me live streaming tonight over at the Discord, link's down in the description. Make sure you use codeword doctor when you sign up. It's going to save you a ton. And also the coursework through Stock Market Academy, you can check that out for technical analysis, options, and there's also a course on crypto. You can take those as well.
Codeword doctor is going to save you a ton. Bundling those courses going to save you even more. Thank you very much for watching. I'll see you guys in the next video. I am Dr. Stoxx, doctor of education. Remember my friends that learning is earning. We'll see you in the next video.
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