QQQ Is it topping before a crash or setting up a correction?
Updated
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?
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?
Comment
On a lower time frame of 50 minutes- QQQ is a slightly unflat triangle and / ora rising wedge.
Comment
On a 15 minute tme frame. price is near to the bottom of the wedge at the supportascending trendline where it can reverse and move up inside the wedge or
breakdown.
Comment
SPY may be on a similar trend Comment
IWN appears to be lagging and hanging tough Comment
Small caps have the best room upside IMOComment
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 $20market cap less than 5M and volatility greater than 5% per week and relative volume greater than 1.5X the moving 20 day average.
Comment
QQQ finished out the week. month and quarter sideways. Onto April.Disclaimer
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