My Opinion
With all the bearishness and Apocalypse type fear out there. I have a contrarian play on the QQQ that can pay big if it plays out. The QQQ on the daily has been forming falling wedge for quite a while now that I think could break out like it did on 3/16/2022. The rally will be fueled by the amount bearish options bet out there. After we get the FOMC...
This Inverse Head and shoulder trendline break on the 4hr could start some serious move here. There are two upside gaps to think about, it could get really crazy in the next few days. Keep on watch for volume break out. Watch for that 21 MA, needs to break.
Supply Zone retest on the daily. A break above with volume should trigger some squeeze. Both the weekly and monthly showing potential long term reversal. Keep on watch!
