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QQQ Drops Back Into the White Zone

Written By: ChartChamp

October 22, 2024

QQQ continues to experience resistance above the white zone. Despite two daily candle closes above the white zone, bears still managed to push the price back down again. I think the price action is still neutral with some price swings in both directions. The yellow support line will be important to monitor, if this yellow support level breaks then QQQ could experience some downside. For now I would monitor to see if QQQ continues to hold above $488.50.

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