Wedge, TL and MA resistance, #NASDAQ short bus departure

A sizable rising wedge brought us 14.5% off the low. There has been remarkable price stability on lower volume in the last few sessions. Trend line resistance, 50-day Moving Average, the rising wedge as well as falling volume all suggest that the move will be to the down-side.

It is reasonable to expect a 15% move up in the price of SQQQ in the coming days.