Invesco QQQ Trust, Series 1
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QQQ channel rejection in play

300
Key resistance here on Nasdaq. Interestingly, SPY has a more bullish support setup on a major channel, so this juncture is really a massive pivot point. If we go much lower I think the market can drop to areas near the October lows.
Nota
292~ area is an A=C on lower timeframe, I'd expect support there on the daily, and then pivot point at 283 next. The red arrow scenario is far from guaranteed, one level at a time for now..

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