QQQ Rock and a hard place

Usually suspects (Msft, google) propped this up with some help from the chip companies (NVDA,AmD) Mean While the other 90 companies listed on the NDX were getting a headstart on the next pullback. The QQQ actually at its intraday high kissed the weekly channel and pulled back. So let's setup to be ready for what happens next.

Yellow line ( Rising wedge]
Purple line (Minor support)
White line ( weekly channel)

Resistance
Weekly channel - 389.75
Rising wedge - 390.40

Support -
Purple line - 388.15
Wedge- 387.50

For me, any short entry before a drop outside the wedge support will have to be manage with a tight stop . Once it drops below 387.50 the gloves are off