QQQ will be down for a while.

Diupdate
QQQ will be down for a while.

1. 3 attempts to make the new highs failed as indicated by the Wyckoff up-thrust rejection.

2. The recent rejection is made after two month of consolidation.

3. The up-trend line from March was broken today.

IMHO, seller is in control and bear trend will be for the short-term.
Trading ditutup secara manual
Based on these two days price action. This setup is no longer good.
Chart PatternsTrend Analysis

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