My analysis shows that SQ is about to bottom in 2 weeks from now (around end of April , Beginning of May ) before starting a new rally phase which in my opinion will create the right shoulder of the pattern to create a head and shoulders formation with a measurement around 35-36 $.
I am expecting the rally phase in early May to not exceed the highs at $50.42 and then short SQ there which will be the 38.2 fib retracement from the head and then have a big decline to late June/early July period
I am expecting the rally phase in early May to not exceed the highs at $50.42 and then short SQ there which will be the 38.2 fib retracement from the head and then have a big decline to late June/early July period