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Barchart
Barchart Insights

The Nasdaq-100 Could Be Forming a Textbook Diamond Top. Here's What to Watch on the QQQ Chart Now.

Technical analysis is often criticized for being subjective, but every so often a chart develops that deserves our attention — not because of what we hope it becomes, but because of what history tells us it could become.

One of those patterns may be developing right now in the Invesco QQQ Trust (QQQ), which proxies the Nasdaq-100 Index ($IUXX).

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