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AwesomeAvani

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

Invesco QQQ Trust, Series 1 (BATS:QQQ)  
AwesomeAvani Updated   
BATS:QQQ   Invesco QQQ Trust, Series 1
Beyond Technical Analysis QQQ SPDR S&P 500 ETF (SPY) TQQQ TECL SPXS
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beyondta qqq spy tqqq tecl spxs
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?
Comment:
On a lower time frame of 50 minutes- QQQ is a slightly unflat triangle and / or
a rising wedge.
snapshot
Comment:
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.
snapshot
Comment:
SPY may be on a similar trend
snapshot
Comment:
IWN appears to be lagging and hanging tough
snapshot
Comment:
Small caps have the best room upside IMO

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