QQQ Is it topping before a crash or setting up a correction?

27 mar

QQQ is on a weekly chart. Only the pundits, soothsayers and headline readership volume seekers

know for sure. Will not the upcoming elections prop things up? Buy in March April and May

and then go away? Is this spring coming up roses or instead dandelions?

28 mar

Nota

On a lower time frame of 50 minutes- QQQ is a slightly unflat triangle and / or
a rising wedge.

28 mar

Nota

On a 15 minute tme frame. price is near to the bottom of the wedge at the support

ascending trendline where it can reverse and move up inside the wedge or

breakdown.

28 mar

Nota

SPY may be on a similar trend

28 mar

Nota

IWN appears to be lagging and hanging tough

28 mar

Nota

Small caps have the best room upside IMO

28 mar

Nota

One strategy might be to focus on small caps in what might be one of the hottest sectors of biotechnology and medical technology for instance price less than $20
market cap less than 5M and volatility greater than 5% per week and relative volume greater than 1.5X the moving 20 day average.

29 mar

Nota

QQQ finished out the week. month and quarter sideways. Onto April.