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March 13 NASDAQ Update – QQQ Continues to Trade Around the Yellow Trendline

Yesterday the stock market had a bullish reaction to the worse than expected data, and $QQQ has climbed back above the yellow trendline. Today $QQQ is red and appears to be trending down to retest this yellow trendline as support. A lot of important data will be released tomorrow, and I think the markets are patiently waiting for that additional data. For now, $QQQ continues to trade around this yellow trendline.

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