Gap Continues to Mark Resistance for QQQQ
For the second time in two weeks, the Nasdaq 100 ETF (QQQQ) surged and met resistance from the 22-Feb gap. While failure at the gap is negative, the overall trend remains up as QQQQ battles the lower trendline of a rising price channel. Also note that Thursday's gap up is coming into play. A move below this gap zone and this week's low would be quite negative.

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