QQQ Remains within Falling Flag Pattern

The Nasdaq 100 ETF (QQQ) managed to firm after Monday's sharp decline, but remains within a short-term downtrend defined by a falling flag. It would take a move above resistance at 67 to reverse this fall. Chartists can also watch for the Commodity Channel Index (CCI) for confirmation. A break above the March trendline would be the first sign of improving momentum.

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