3 Month QQQ chart reveals a channel

QQQ was rejected at the macro channel resistance. It begs the question: Is this more like 2000, or one of the recent V-shape recoveries? The others were near the bottom of the channel and this structure/candle looks a lot like 2000, imho. There's still 9 days left on the 3 month candle, tho. So a lot could change between now and then. I'll revisit this when the candle closes.

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I think we're in one of these two stages, or a mix of the two