cerealpatterns

nasdaq consolidating above pivot

NASDAQ:TQQQ   ProShares UltraPro QQQ
weve hit overbought on the hourly, and nasdaq has consolidated above a pivot point marked out by the lower end of that early june range from the last rally. if we break down below that pivot i would look to bounce on one of the lower horizontals as support, and if we stay above that pivot i would target those upper horizontals until were overbought on the daily.

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