Look I know it's hard to imagine right now but I still think this will happen and there will be a lot of fear when August is closing. Looking at the blueprint from last May:

-7% , 4% bounce, -8%

Scaling with current volatility roughly:

-10% , 5% bounce, -10%

$NDX $QQQ $NQ https://twitter.com/SoccerMomTrades/status/1289689487241486336
A running theme in this market is both sellers and buyers stepping in very late into weekly / monthly candle to spoil the party. Weekly has a higher high on divergence and there is a line connecting them that traps buyers. Sellers getting a close under 1 std dev line would be đź‘Ś
So right now the quarterly closes look amazing....I think next 4-6 weeks can be great chance shake everyone from last quarter and rip it back to where we are now by Sept 30th

That's exactly what they did May 2019 off Dec bottom $NDX $QQQ $NQ $SPY $ES $SPX
Left = August 2020 (now)
Right = May 2019
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