TQQQ managed to rebound from old cloud chart support levels. The index is up 33% since the rebound buy signal at cloud support around $31. It is now close to the $42 cloud chart resistance zone on the 4hour cloud chart.
On the daily cloud chart the TQQQ is fighting resistance at the cloud chart base line! Need to see a breakout past this level, and then the next stop will be the bottom cloud resistance zone!
Critical week ahead.
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