At this point it does appear that Q's will take out the important swing point from early February and then probably head on down to the 200MA now at 82.55.
I've drawn in the lower part of what appears to be a and I'm going to call such until the Q's take out the Feb lows. At that point, the morphs into a falling as Q's enter a down trend for an as yet undetermined time.
Q's continue to feel the heat from the fall of so many tech and biotech darlings and until these stocks come back into favor, then the heat will continue.
I'm not going to try and catch a falling knife here so until I see signs of a bottom and then the beginnings of a new rising price trend, I'm just avoiding tech altogether.
Be careful & GL