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SQQQ Continues to Show Bullish Strength Near Resistance

SQQQ has started showing bullish strength last week, and continues to show strength as we start this week. I think the recent spikes up show that traders and investors are looking to short the market headed into the bearish September seasonality trend. I think SQQQ continues to trade below resistance, and I would monitor $8.17 for a break or rejection here. We could experience some volatility this week, and SQQQ could drop to around $7.85 for a buy opportunity.

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