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Scott Redler, Scott Redler, said he discussed the potential for a “W” pattern on the QQQ ETF while appearing with Adam Mesh on Benzinga.
Redler added that mapping out levels and looking ahead can help people prepare for potential trades.
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Redler recently identified QQQ's tests of its 200-day moving average and highlighted $687 and $671 as key price levels to watch in a prior analysis. He also drew attention to an upcoming earnings week for several major firms, including TSLA, NFLX, and META, in a separate report. These observations build on his continued focus on technical setups and market activity.