Falling wedge of QQQ

CHART-II

• Price breakdown below the support line. consolidation near 200 Hour SMA may lead to a bounce. Sustaining below 200 Hour SMA will favor bears.

CHART-I

• QQQ Hour in a falling wedge pattern.
• 2nd chart shows price nearing 200 Hour SMA. For bulls price has to sustain above this level in order to avoid a bigger fall.
• Bullish reversal must trade above the hourly trade for a bigger up move to happen.
• S&P 500 ANALYSIS AFTER CLOSING BELL