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March 14 NASDAQ Update – Back Below the Yellow Trendline

The NASDAQ had a bearish reaction to today’s data as well. $QQQ has been trading around this yellow trendline for the past few months, and has dropped back down below the yellow trendline yesterday. QQQ remains below the yellow trendline today, but I’ve been patiently waiting for a steeper decline. For now I want to monitor if QQQ starts trending down or if there continues to be a push and pull around the yellow trendline.

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