QQQ Weekend update

• QQQ Weekly chart is trying to hold above 20 Week SMA. Bears need a break below 20 Week SMA and the up trend line shown in last chart for a bigger fall to happen.
• Daily chart too is getting support at 100 Day SMA. This line has acted as crucial support in the recent past, So a breakdown below this level on closing basis will strengthen bears further.
• Daily chart suggest the bounce from 100 SMA may continue for sometime before the selling resumes again.
• S&P 500 WEEKEND UPDATE

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