QQQ forming a steep falling wedge. Think we head down to bump the bottom of the wedge for a third time, undercutting the recent lows. However, I think we get a big bear market rally afterwards given how oversold we are on the weekly timeframe w/ 7 consecutive down weeks and RSI near 2018 and 2020 levels.
SNAP cratering AH on weak guidance should help pull QQQ down to the bottom of the wedge this week.
SNAP cratering AH on weak guidance should help pull QQQ down to the bottom of the wedge this week.