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QQQ Forming a Rejection Within the White Zone

Written By: ChartChamp

September 30, 2024

A few days ago I shared my thoughts about how QQQ is likely to form a rejection within the white zone. That scenario is playing out very well here, the price has been trending down so far. There is a key resistance level at $486.58, bears want to keep the price below this important level here. Data suggests that the bearish trend occurs between Oct. 6 and Oct. 30, so this is a key time window where the NASDAQ and S&P are likely to trend down.

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