Invesco QQQ Trust, Series 1
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QQQ will fill its gap

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The QQQ has experienced a substantial decline in value over the past few months. Despite the market consistently forming lower highs, it is noteworthy that robust counter-reactions are occurring with similar frequency.

With a clear bullish divergence in the CDV, we anticipate a bounce to take place this week. The long position outlined in this scenario presents an attractive Risk-Reward Ratio (RRR) of 3.7:1.

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