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?
Note
On a lower time frame of 50 minutes- QQQ is a slightly unflat triangle and / ora rising wedge.
Note
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.
Note
SPY may be on a similar trend Note
IWN appears to be lagging and hanging tough Note
Small caps have the best room upside IMONote
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.
Note
QQQ finished out the week. month and quarter sideways. Onto April.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.