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NASDAQ is Bearish with Alternating Days

The NASDAQ is also experiencing alternating days, and QQQ is looking bearish relative to SPY. QQQ is trading way below the previous all time highs, whereas SPY is trading near all time highs. The price action for QQQ has been neutral and bearish while SPY continues to trend up higher. There is a pattern of alternating days for QQQ, today is trending for a red day and tomorrow if the pattern continues we can see some green.

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