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March 12 NASDAQ Update – QQQ Continues Trading Around the Yellow Trendline

The NASDAQ had a similar reaction as the S&P 500, opening with a slight gap higher today despite the worse than expected February inflation data. Despite showing bullishness during pre-market hours, QQQ had a rejection at the yellow trendline.

$SPY and $QQQ have climbed back above their respective resistance lines.

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