$QQQ Really nice bounce last 3 days off a notable double bottom for now. Q's is inching closer to the purple resistance line and the 50dma potential resistance line. Price is gonna get compressed between the two resistance lines and the dbl bottom as seen in red box. Something has to give here and likely by Thursday, $GOOGL and/or $TSLA could be the triggers. Keep in mind, August tends to be the start of seasonal volatility.
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