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Market is awaiting approval of fiscal stimulus and is currently supported by the initiation of the vaccine rollout and the FED to extend ongoing bond purchases:
1. Fed to extend debt purchases to boost flagging US economy - Financial Times
www.ft.com/content/74b6530e-9d69...
2. Congress closes in on a $900 billion Covid relief deal as Americans await aid - CNBC
www.cnbc.com/2020/12...ion-relief-plan.html
Near-term prediction: QQQ may push through Dec. 8 top resistance and hold to establish new top resistance or channel through top and bottom resistances for the next couple of months.