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Nasdaq $QQQ now facing major resistance as it tries to make new all-time highs
Source: Barchart
Nasdaq $QQQ has now fully recovered from the losses sustained after Liberation Day
Source: Barchart
If you'd taken the month of April off, you'd never know the world faced an existential crisis (the end of US exceptionalism etc...)
It is indeed hard to believe but the $QQQ Nasdaq 100 ended the month in the green and tagged its 50 day moving average... April has been a rollercoaster ride for traders: a 16% peak to trough drawdown in the first week of the month, followed by a ~18% rally the last few weeks… only to ‘fail’ at the 50-dma yesterday. Source: www.zerohedge.com, Bloomberg
"Nothing good happens below the 200-day moving average."
— Paul Tudor Jones Source: Tavi Costa on X
It's official: the 2nd longest uptrend in the history of the Nasdaq 100 Index has ended with the first close below the 200-day moving average in nearly 2 years
Source: Charlie Bilello
Price has respected this trendline since the bear market lows of 2022...
Seems like an important spot to watch. $QQQ Source. Trend Spider
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