QQQ if it makes new highs could make a similar move as it did last year after a mild correction such as the recent one. It is also possible it peters out and grinds out some more sideways movement as the recent Dec/ Jan activity, but given the favorable seasonality, I am leaning towards more upward movement and perhaps corrective movement starting in late April to May.
QQQ formed a very nice platform today for potential move up tomorrow.
SPY also looks constructive and the recent buy signal has a good chance of following through.
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