QQQ forms horizontal support line

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QQQ has sold off quite a bit over the past 2 weeks. We are now starting to see consolidation as selling pressure reduces

  • Horizontal support line starts to form after sell off
  • Still within downward trading range
  • Could be stock is taking a breather before more selling continues
  • September and at times October are notably bad months of the year


We are seeing a settling right now, but we still are in a downtrend and the beginning of a historically bad month.

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