So far we have a basic & straightforward breakdown & backtest of the bearish rising wedge on QQQ followed by an impulsive rejection off the backtest. Arrow breaks denote potential reaction levels although still awaiting a break of the 3/13 Monday low to open the door to a much larger drop. Ideally, but not 100% necessary for the bearish case, QQQQ should remain below this week’s high. 60-minute chart with pre-market candles in white below.
QQQ 60m March 24th