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Scott Redler, chief strategic officer at T3 Live and T3 Trading Group, highlights that QQQ has moved above the $715.50 mark, setting sights on $726 or higher.
He mentions the significance of fund flows at the end of the quarter and start of the next, emphasizing the specificity of this trade setup and advising disciplined process management.
Redler previously described weakness in QQQ as several stocks declined across the market, according to a recent note. He has also highlighted losses for late investors in CBRS’ IPO, with the stock staying at $216 after missing a $350 recovery, as reported earlier this year. These observations reflect his ongoing focus on disciplined trade setups and developing market conditions.