QQQ Ready to Drop

Using this linear regression, we are currently at the top of the 2nd standard deviation in the trend since the start of the bear market in January 2020. Bulls could definitely see this as a point in which tech could begin the new bull market. However, with the massive concentration of VIX call buying for June, the debt ceiling, and continued banking crisis - the bears certainly have a case to see this revert to a standard deviation lower. This could put us at $295-$310 by mid June.

The concentration of calls and optionality still says this week should be solid, where I put the cap around $326.