TQQQ: Fighting cloud chart resistance at bottom end of weekly cloud :56.69

TQQQ: Fighting cloud chart resistance at bottom end of weekly cloud at 56.69 resistance zone! Downside consolidation risk remain high if the TQQQ can't breakout past this resistance zone!

Turning to the daily chart: The TQQQ reversed lower after hitting old cloud charf resistance at 58.58 and 56.93! Need to see a breakout past these levels, if not then we could be heading  down to the top end of the front part of the cloud at 49.88! Consolidation risk remain!