This Bearish Shark started forming from May 18th to May 26th. Two weeks ago. There was resistance at $3312. Also resistance last week at 3270s. This week resistance at $3295. It started to taper off after hitting $3295. Institutions placed 3 million with Puts on QQQ. Amazon, along with Google is one of their major holdings.
Best regards, This is not financial advice. This is only for educational purposes.