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In our last
report, we mentioned that the QQQQ was approching the resistance of its
medium-term trendline. As you can see from the chart below, the bulls were
unable to send the QQQQ above the resistance, which has caused a brief
pullback toward the 15-day moving average. The next price target will be near
the 100-day moving average if we see the bears send the QQQQ below the $44
support.
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Happy Trading,
Casey Murphy,
Senior Analyst, ChartAdvisor
Previous Chart Alerts:
OIL
QQQQ
OXY
QQQQ
INTL
QQQQ
EBAY
QQQQ
BJ
ECA
GYI
GYI
QQQQ
GM
WMB
QQQQ
AMZN
QQQQ
PCAR
QQQQ
WMT
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