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SeaLionLLC
Jun 16, 2014 9:13 PM

$QQQ consolidating sideways 06-16-2016 

Invesco QQQ Trust, Series 1NASDAQ

Description

QQQ is ahead of SPY but the price action is similar. Price is moving sideways off rising resistance while the SMII is getting closer to a bearish crossover. While some selling may occur in the near term, as long as the channel is maintained higher prices should come.
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