The stop for QQQ will be reinstated at a daily close above 192.58. While I would more than welcome a reversal & resumption of the downtrend before then, I suspect that could get one more failed breakout to a marginal new (and still divergent) high before the next leg down. Additional analysis along with my thoughts on the near-term outlook & key levels to watch on QQQ and /NQ can be viewed in today’s Mid-session Stock Market & Precious Metals Analysis video.

QQQ daily Sept 6th

QQQ daily Sept 6th

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