QQQ Read on the Candles

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Today’s long red candle shows strong rejection, high conviction selling

Today’s 4H bounce at the center band looks more like technical support hold, not yet bullish reversal
  • So short-term the market is testing balance at $570
  • If it loses $570, downside continuation is favored
  • If it recaptures $576 quickly, squeeze potential kicks in

Trigger to watch is a daily close under $568, or weakness that can’t reclaim $570

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