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QQQ Approaching $486.74 Resistance

Written By: ChartChamp

August 22, 2024

The NASDAQ opened with a bullish gap higher today. Investors are bullish headed into Jerome Powell’s Jackson Hole speech tomorrow. I don’t think Powell will say anything significant, he usually dodges questions and avoids giving information ahead of FOMC meetings. QQQ is approaching a key resistance level around $486.74, and I think QQQ could trend up higher next week. The seasonality is bullish next week and we also have NVDA reporting earnings on Wednesday August 28.

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