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April 2 NASDAQ Update – QQQ Likely to Rebound Here

$QQQ has been trading around the yellow trendline since Dec. 2023. I think the price is near the lows and is likely to rebound soon to continue trading around the yellow trendline. There have been 5 consecutive red candles, and QQQ had a rejection at the yellow trendline before dropping. So I want to carefully monitor QQQ to see if the price can rise above the yellow trendline on this next move up.

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