Pretty basic high risk trade - falling wedge today setting new relative lows with higher readings on RSI. If we do see such a bounce, I don't expect to puncture the larger downtrend line which gives a max potential gain to around 370-371for the next few days. I'm playing this through Oct 4 expiration 358 QQQ calls (note: this is obviously very short term!) which seems to be short term support, but expect for that downtrend line to act as a ceiling until we find a real bottom. Looking for 368-369 with gap fill and previous support/resistance to exit trade. Overall chart is not looking inspiring.
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