Big picture look at NASDAQ (QQQ)

One of my ideas where I zoom out and look at the bigger picture for the NASDAQ using QQQ on the weekly timeframe. The technical analysis is pretty simple with a focus on the main trading channels and how the major peaks align. Hard to guess the markets direction, but there is definitely room to go lower to the support of the green channel.

With 20 and 200 week SMA

Daily

Daily with 20 and 200 day sma