QQQ likely range of support/bounce
Since the initial W shaped correction of last September, the following corrections to QQQ have largely found support along the same support line seen from the September 2020 correction. Given that we’re essentially in a rising channel, this support line is expected to hold once again. The likely range of the bottom is denoted here, if we reach below this range, it’s likely that a long position will need to be re-evaluated in the short term.
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