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QQQ - expecting downturn prior to July Fed rate announcement
QQQ
, 180
Short
QQQ: QQQ - expecting downturn prior to July Fed rate announcement

SNAP had earnings on Friday, and the market didn't like what it saw. The QQQ is about to have a MACD crossover on the 3h chart. I'm anticipating further falls in the run-up to the Fed meeting. This could retrace to the fib level at 299, but next key support is at the liquidation zone around 295.

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