Invesco QQQ Trust Series I

QQQ has day of consolidation testing resistance

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QQQ increased slightly testing outer boundary of resistance line.

  • The day ended with a doji candle showing indecision in the direction
  • RSI remains slightly below SMA
  • EMA remains slightly below SMA
  • Stock breaks normal resistance to outer boundary during consolidation


Tomorrow will be important day defining the new direction. I anticipate tomorrow being a down day, but it may go in the other direction

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