QQQ LONG TERM OUTLOOK
The 3 month cycle finished with a doji candle outside the BB(34) and at overbought conditions, signaling that the buying pressure was starting to diminish. The next complete 3 month cycle could finish as a bearish evening doji star pattern similar to the one at 55.07 pivot. If that happens it could mean a deeper correction and or a major top for QQQ. Currently price is finding support at the 5ma and at trend line S1.
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