Interesting QQQ and IXIC divergence
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It's clear the mega-caps are the only thing holding this market up right now.
The 50day SMA is acting as support for QQQ while simultaneously acting as resistance for the broader NASDAQ IXIC.
The 50day SMA is acting as support for QQQ while simultaneously acting as resistance for the broader NASDAQ IXIC.
Note
Divergence resolved to the downside for QQQ.Smashed through the 50D & 100D.
200D could be in play.
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