QQQ is poised to park on triple resistance (downtrend line, 50% & 78.6% Fib cluster, & 50-day EMA) at the close today. While this backtest of the downtrend line offers an objective short entry, so will a break of this uptrend line off the lows. Daily chart below….
QQQ To Close On Downtrend Line Backtest 8-13-24
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