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QQQ Trading in a Tight Range

Written By: ChartChamp

September 24, 2024

QQQ is experiencing some upside today, but remains neutral overall. There is support at the white trendline around $480 and resistance at the red trendline around $486.58. The price has been fluctuating between these two key levels over the past few days. QQQ will have to find a direction soon, I think the price is likely to swing in both directions. If QQQ experiences an upswing first there’s likely to be a downswing after and vice versa. Bulls and bears are in a deadlock at these price levels.

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