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Scandex Market Update – June 24

Scandinavian Capital Markets

QQQ is back at the red line that was presented on 6/10. The magenta line is at about 253 now and intersects a short term upper channel line tomorrow (see below). That’s a great spot for a top. Weakness below the February high at 237.47 would also break the short term channel and indicate a behavior change.

Scandinavian Capital Markets Review

Source: https://scandex.com/2020/06/24/market-update-june-24/
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