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QQQ Spikes Up on Election Day

Written By: ChartChamp

November 5, 2024

QQQ is having a very bullish day as the markets start to price in a Trump victory. QQQ is trading within the white zone, and I have the yellow trendline as a key resistance level to monitor around $493. I would monitor for a break or rejection at $493, if there’s a rejection QQQ could start a downtrend after the elections. For now I think there’s still some uncertainty for the stock market. The crypto market tends to rally after the elections regardless of the election outcome.

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