SeaLionLLC

$QQQ consolidating sideways 06-16-2016

NASDAQ:QQQ   Invesco QQQ Trust, Series 1
QQQ is ahead of SPY but the price action is similar. Price is moving sideways off rising resistance while the SMII is getting closer to a bearish crossover. While some selling may occur in the near term, as long as the channel is maintained higher prices should come.

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