Breakouts above these 5-minute bullish falling wedge would likely spark a post-opening rally for any active traders looking to game a potential quick bounce before reversing back to short again. /NQ & /ES 5-minute charts below.
Counter-trend rally or not, the recent sell signal on the daily charts of QQQ, SPY, SOXX, etc.. have only been re-affirmed with the overnight drop in the stock futures & the intermediate to longer-term outlook remains bearish, IMO, until & unless those primary uptrend lines & additional resistance levels just overhead on the daily time frames are recovered.