Invesco QQQ Trust Series I

QQQ

64
QQQ closed at 288.84. QQQ's structural failure lead the way to the breakdown on Thursday/Friday of last week. Lyra signaled significant outflow, despite consolidation, leading QQQ to drop 20+ points over 2 days. QQQ closed closer to the previous local bottom at 281. It's possible that QQQ can form a double bottom in this range if it holds. QQQ has a little more room to fall, but likely is closer to neutral this week, unless it falls quickly through resistance.

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