NASDAQ is Counting on These Two

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Although the ES shook off its federally-forbidden color of red earlier today, the NASDAQ remains down (for the millisecond, at least). There’s no doubt that the strength of the QQQ is relying largely on two patterns which are rather precarious right now. One of them Amazon:

slopechart_AMZN (1)

And the other, Apple:

slopechart_AAPL

Once earnings are released later this month, both of these will resolve for or against continued NASDAQ strength.

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