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NASDAQ Strong Rejection at All Time Highs

The NASDAQ also formed a strong rejection at all time highs. There is a lot of fear surrounding the potential that Nvidia has topped out of the market. Nvidia insiders have been selling a lot of shares, and there is concerns that Nvidia could take the stock market down. QQQ had a strong rejection at the white trendline around $486.51 and has been trending down. There is local support at $473.73 and a key support level at the red trendline around $465.32.

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