QQQ support violation postpones immediate rally

The recent selloff took a turn for the worse with the break of multi-week lows in QQQ, representing the worst two-day selloff since October 2023.  While I argued in last Friday’s note that this week should be important in causing a low to this recent decline, it doesn’t look to be in place just yet after Monday’s drop.   Interest rates and US Dollar continue to trend higher and these are key reasons along with the ramping up in...

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