QQQ Breaks Ichimoku Cloud

With the decline over the last several weeks, the Nasdaq 100 ETF (QQQ) broke below the Ichimoku Cloud for the third time since March. The ETF recovered quickly after the first two breaks. Also notice that the cloud is poised to turn red, which happens when the red line is above the green line. You can read more on Ichimoku Clouds in the ChartSchool.

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