Nasdaq and QQQ are under pressure after runs higher yesterday stalled at key MAs

In a video yesterday, I spoke to the resistance in the Nasdaq index near the 200 hour MA and also commented on how the QQQ ETF was testing its converged 100/200 hour MAs. You can revisit that post (and watch the video), but clicking below: For those two indices, esch failed to extend above their key resistance targets, and today's selling has pushed both lo…

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