QQQ Trading Around Key Technical Support Levels
So the QQQ representing the Nasdaq 100 remains in dangerous territory. The Levels highlighted in the chart show key consolodation and support levels. If we breach the 174 level to the upside, I see a strong rally to the end of the year. If we breach the rising triangle/support line just below the current trading price, we will likely see a fast move down to at least the 155 price level if not lower. I have been lightly trading, as the direction is not yet clear.
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