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April 4 NASDAQ Update – QQQ’s Bullish Rebound

This week I also discussed the NASDAQ’s likelihood to form a bullish rebound. QQQ has been trading around the yellow trendline, and there was a successful rebound off the lows of this trading range. I am interested in seeing if QQQ can trend up towards the yellow trendline, and whether this yellow trendline acts as resistance on the way up ($450 – $451 price target).

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