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QQQ Opens with a Bullish Gap 2% Higher

Written By: ChartChamp

September 19, 2024

The markets were due for a big move in either direction from the FOMC announcement. Yesterday there was a lot of volatility with bulls and bears pushing the price back and forth. Although the day ended with a bearish close, there was a strong post-market rally with QQQ opening the day 2%+ higher. QQQ has quickly turned red for the day, but bears definitely have a lot of ground to catch up here. I have $486.58 as my next key resistance level if QQQ manages to trend up higher, and the yellow trendline around $474 as a price level on the way down.

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